Jefferies Financial Group restated their hold rating on shares of National Grid (LON:NG) in a research report sent to investors on Monday morning, Digital Look reports. The firm currently has a GBX 820 ($10.71) target price on the stock.
Other equities analysts have also recently issued research reports about the company. Credit Suisse Group set a GBX 810 ($10.58) target price on National Grid and gave the stock a neutral rating in a report on Thursday, May 30th. HSBC set a GBX 930 ($12.15) target price on National Grid and gave the stock a buy rating in a report on Monday, June 24th. Royal Bank of Canada reiterated an outperform rating on shares of National Grid in a report on Thursday, July 18th. Deutsche Bank upgraded National Grid to a buy rating and increased their target price for the stock from GBX 840 ($10.98) to GBX 890 ($11.63) in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of National Grid in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of GBX 905.59 ($11.83).
NG stock opened at GBX 859.80 ($11.23) on Monday. The stock has a 50-day moving average price of GBX 844.99 and a two-hundred day moving average price of GBX 840.25. The stock has a market cap of $29.34 billion and a PE ratio of 19.32. The company has a current ratio of 0.87, a quick ratio of 0.58 and a debt-to-equity ratio of 153.93. National Grid has a 1 year low of GBX 744.50 ($9.73) and a 1 year high of GBX 892 ($11.66).
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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