JPMorgan Chase & Co. Trims National Grid (LON:NG) Target Price to GBX 1,200

National Grid (LON:NGFree Report) had its price objective lowered by JPMorgan Chase & Co. from GBX 1,275 ($16.13) to GBX 1,200 ($15.18) in a report published on Tuesday, Marketbeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other analysts also recently weighed in on the stock. Jefferies Financial Group reiterated a buy rating and issued a GBX 1,330 ($16.82) price target on shares of National Grid in a research report on Friday, April 19th. Royal Bank of Canada reiterated 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.

Read Our Latest Analysis on National Grid

National Grid Stock Performance

Shares of LON:NG opened at GBX 922.60 ($11.67) on Tuesday. The company has a market capitalization of £44.38 billion, a price-to-earnings ratio of 1,520.33, a P/E/G ratio of 2.78 and a beta of 0.29. The firm’s 50 day simple moving average is GBX 970.86 and its 200 day simple moving average is GBX 1,019.25. The company has a debt-to-equity ratio of 161.24, a current ratio of 0.91 and a quick ratio of 0.34. National Grid has a fifty-two week low of GBX 889.40 ($11.25) and a fifty-two week high of GBX 1,145.50 ($14.49).

National Grid Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 6th will be paid a dividend of GBX 39.12 ($0.49) per share. This represents a yield of 3.47%. This is a boost from National Grid’s previous dividend of $19.40. The ex-dividend date is Thursday, June 6th. National Grid’s dividend payout ratio is presently 9,833.33%.

National Grid Company Profile

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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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