National Grid’s (NG) Hold Rating Reaffirmed at Deutsche Bank

Deutsche Bank reaffirmed their hold rating on shares of National Grid (LON:NG) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also issued reports on the company. Barclays reaffirmed an overweight rating and issued a GBX 950 ($12.41) price target on shares of National Grid in a research report on Monday, May 13th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of National Grid in a research report on Tuesday, April 16th. Credit Suisse Group reaffirmed a neutral rating and issued a GBX 850 ($11.11) price target on shares of National Grid in a research report on Sunday, April 14th. Jefferies Financial Group reissued a hold rating on shares of National Grid in a research report on Tuesday, April 9th. Finally, Goldman Sachs Group boosted their target price on National Grid from GBX 875 ($11.43) to GBX 899 ($11.75) and gave the stock a neutral rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 907.67 ($11.86).

NG opened at GBX 818.10 ($10.69) on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.85 and a debt-to-equity ratio of 148.26. The stock has a market capitalization of $27.91 billion and a PE ratio of 8.39. National Grid has a 1 year low of GBX 744.50 ($9.73) and a 1 year high of GBX 895.10 ($11.70).

The firm also recently announced a dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Thursday, May 30th will be given a GBX 31.26 ($0.41) dividend. This is a positive change from National Grid’s previous dividend of $16.08. The ex-dividend date of this dividend is Thursday, May 30th. This represents a yield of 3.8%. National Grid’s payout ratio is 0.48%.

National Grid Company Profile

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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Analyst Recommendations for National Grid (LON:NG)

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