National Grid (LON:NG) Receives "Overweight" Rating from Barclays

Key Points

• National Grid has received an "overweight" rating from Barclays, with a target price of GBX 1,200, suggesting an 8.21% potential upside from its current price.
• JPMorgan Chase & Co. also reiterated an "overweight" rating for National Grid, indicating strong market confidence as two investment analysts rated the stock with a Buy rating.
• The stock is currently trading at GBX 1,109, which is above its 52-week low of GBX 645 and below its 52-week high of GBX 1,145.50.

National Grid (LON:NG - Get Free Report)'s stock had its "overweight" rating reaffirmed by equities researchers at Barclays in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 1,200 price objective on the stock. Barclays's price target would suggest a potential upside of 8.21% from the company's current price.

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of National Grid in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of GBX 1,200.

National Grid Price Performance

Shares of National Grid stock traded up GBX 7.50 on Thursday, hitting GBX 1,109. The company had a trading volume of 8,940,939 shares. The business has a 50-day simple moving average of GBX 1,052.82 and a 200-day simple moving average of GBX 1,050.94. The company has a debt-to-equity ratio of 157.61, a current ratio of 0.91 and a quick ratio of 0.34. The company has a market cap of £54.45 billion, a PE ratio of 18.22, a PEG ratio of 2.06 and a beta of 0.25. National Grid has a 52 week low of GBX 645 and a 52 week high of GBX 1,145.50.

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.

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