Royal Bank of Canada set a GBX 950 ($12.41) price objective on National Grid (LON:NG) in a research report sent to investors on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities analysts have also issued reports on NG. UBS Group set a GBX 800 ($10.45) price objective on shares of National Grid and gave the company a neutral rating in a report on Thursday, January 17th. Societe Generale set a GBX 930 ($12.15) price objective on shares of National Grid and gave the company a buy rating in a report on Thursday, January 17th. Barclays started coverage on shares of National Grid in a report on Wednesday, January 30th. They set an overweight rating and a GBX 950 ($12.41) price objective on the stock. Goldman Sachs Group lifted their price objective on shares of National Grid from GBX 875 ($11.43) to GBX 899 ($11.75) and gave the company a neutral rating in a report on Friday, April 5th. Finally, Jefferies Financial Group reissued a hold rating on shares of National Grid in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of GBX 907.67 ($11.86).
Shares of NG stock opened at GBX 821.50 ($10.73) on Thursday. The company has a market cap of $28.02 billion and a P/E ratio of 8.43. The company has a debt-to-equity ratio of 148.26, a quick ratio of 0.51 and a current ratio of 0.85. National Grid has a 52-week low of GBX 744.50 ($9.73) and a 52-week high of GBX 895.10 ($11.70).
The company also recently announced a dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Thursday, May 30th will be paid a GBX 31.26 ($0.41) dividend. This represents a yield of 3.8%. This is an increase from National Grid’s previous dividend of $16.08. The ex-dividend date is Thursday, May 30th. National Grid’s dividend payout ratio (DPR) is 0.48%.
About National Grid
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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