National Grid (LON:NG) Announces Earnings Results

National Grid (LON:NG) issued its quarterly earnings data on Thursday. The company reported GBX 78 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX 1,768.70 billion for the quarter. National Grid had a return on equity of 7.66% and a net margin of 16.43%.

National Grid Trading Down 0.1%

Shares of LON:NG traded down GBX 1 during midday trading on Thursday, reaching GBX 1,276. The company’s stock had a trading volume of 9,703,474 shares. The firm has a market capitalization of £62.65 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.06 and a beta of 0.62. The company has a debt-to-equity ratio of 123.46, a quick ratio of 0.34 and a current ratio of 0.97. The firm has a 50 day moving average price of GBX 1,302.89 and a two-hundred day moving average price of GBX 1,233.58. National Grid has a fifty-two week low of GBX 645 and a fifty-two week high of GBX 1,145.50.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NG shares. UBS Group restated a “sell” rating and set a GBX 1,160 price objective on shares of National Grid in a research report on Monday. Deutsche Bank Aktiengesellschaft reduced their price objective on National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. JPMorgan Chase & Co. cut their target price on National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Citigroup lifted their target price on National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Finally, Jefferies Financial Group downgraded National Grid to a “hold” rating and set a GBX 1,410 target price on the stock. in a report on Wednesday, March 18th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,305.50.

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. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales.