Citigroup Boosts National Grid (LON:NG) Price Target to GBX 1,253

Key Points

• Citigroup raised its target for National Grid to GBX 1,253 (from GBX 1,149) while keeping a "neutral" rating, a price objective that implies about a 3.14% downside from the current price (~GBX 1,293.6).
• Analyst consensus is a Moderate Buy with a consensus target of GBX 1,336.60, but individual views diverge widely — JPMorgan at GBX 1,450 (overweight), Deutsche Bank at GBX 1,370 (buy) and Jefferies at GBX 1,410 (hold).
• Quick stock snapshot: opened at GBX 1,293.60, market cap ~£63.51 billion and a PE of 21.25, trading slightly below its 50‑day SMA (GBX 1,318.91) and above its 200‑day SMA (GBX 1,221.58).

National Grid (LON:NG - Get Free Report) had its target price increased by stock analysts at Citigroup from GBX 1,149 to GBX 1,253 in a report issued on Tuesday,Digital Look reports. The firm presently has a "neutral" rating on the stock. Citigroup's price objective indicates a potential downside of 3.14% from the company's current price.

NG has been the topic of a number of other research reports. Jefferies Financial Group lowered shares of National Grid to a "hold" rating and set a GBX 1,410 price target on the stock. in a research note on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of National Grid from GBX 1,430 to GBX 1,370 and set a "buy" rating for the company in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of National Grid from GBX 1,250 to GBX 1,450 and gave the stock an "overweight" rating in a research report on Wednesday, April 1st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,336.60.

National Grid Stock Down 0.1%

NG opened at GBX 1,293.60 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.34 and a debt-to-equity ratio of 123.46. The stock's fifty day simple moving average is GBX 1,318.91 and its 200 day simple moving average is GBX 1,221.58. National Grid has a 1-year low of GBX 645 and a 1-year high of GBX 1,145.50. The stock has a market cap of £63.51 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 2.06 and a beta of 0.64.

About National Grid

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. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales.

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