National Grid (LON:NG) Downgraded by Jefferies Financial Group to Hold

National Grid (LON:NG) was downgraded by investment analysts at Jefferies Financial Group to a “hold” rating in a note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 1,410 target price on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 3.60% from the stock’s previous close.

Several other analysts also recently issued reports on NG. Citigroup lifted their target price on National Grid from GBX 1,150 to GBX 1,200 and gave the company a “neutral” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. increased their price objective on shares of National Grid from GBX 1,225 to GBX 1,250 and gave the company an “overweight” rating in a report on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of National Grid from GBX 1,150 to GBX 1,250 and gave the company a “buy” rating in a research report on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,262.

National Grid Price Performance

LON:NG traded up GBX 5 on Wednesday, reaching GBX 1,361. 8,076,645 shares of the company’s stock traded hands. The stock has a 50-day simple moving average of GBX 1,284.96 and a 200-day simple moving average of GBX 1,172.27. National Grid has a 12 month low of GBX 645 and a 12 month high of GBX 1,145.50. The firm has a market cap of £66.82 billion, a PE ratio of 22.36, a P/E/G ratio of 2.06 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.97 and a debt-to-equity ratio of 123.46.

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.