National Grid (LON:NG) Given New GBX 1,200 Price Target at JPMorgan Chase & Co.

National Grid (LON:NG) had its price objective decreased by JPMorgan Chase & Co. from GBX 1,275 ($16.13) to GBX 1,200 ($15.18) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities research analysts have also commented on the company. Royal Bank of Canada reissued an outperform rating and issued a GBX 1,125 ($14.23) price target on shares of National Grid in a research report on Tuesday, June 25th. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 1,330 ($16.82) price target on shares of National Grid in a report on Friday, April 19th.

National Grid Trading Up 0.9 %

NG opened at GBX 893 ($11.30) on Tuesday. The company has a fifty day moving average price of GBX 977.06 and a two-hundred day moving average price of GBX 1,020.89. National Grid has a 1-year low of GBX 889.40 ($11.25) and a 1-year high of GBX 1,145.50 ($14.49). The company has a market cap of £42.95 billion, a P/E ratio of 1,488.33, a price-to-earnings-growth ratio of 2.78 and a beta of 0.29. The company has a current ratio of 0.91, a quick ratio of 0.34 and a debt-to-equity ratio of 161.24.

National Grid Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, June 6th will be issued a GBX 39.12 ($0.49) dividend. This is a positive change from National Grid’s previous dividend of $19.40. The ex-dividend date of this dividend is Thursday, June 6th. This represents a dividend yield of 3.47%. National Grid’s dividend payout ratio is presently 9,833.33%.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.