National Grid (LON:NG) Receives Hold Rating from Jefferies Financial Group

National Grid (LON:NG)‘s stock had its “hold” rating restated by equities researchers at Jefferies Financial Group in a report issued on Friday,London Stock Exchange reports. They currently have a GBX 1,410 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 9.26% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. reduced their price objective on shares of National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating for the company in a research note on Thursday, May 7th. UBS Group restated a “sell” rating and set a GBX 1,160 target price on shares of National Grid in a report on Monday. Finally, Citigroup increased their target price on National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 1,305.50.

National Grid Stock Up 1.1%

Shares of NG stock traded up GBX 14.50 on Friday, hitting GBX 1,290.50. The stock had a trading volume of 8,600,934 shares. National Grid has a one year low of GBX 645 and a one year high of GBX 1,145.50. The business has a 50 day moving average price of GBX 1,300.41 and a 200 day moving average price of GBX 1,234.49. The company has a market cap of £63.36 billion, a PE ratio of 21.20, a P/E/G ratio of 2.06 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.97 and a debt-to-equity ratio of 123.46.

National Grid (LON:NG) last issued its earnings results on Thursday, May 14th. The company reported GBX 78 earnings per share (EPS) for the quarter. The company had revenue of GBX 1,768.70 billion for the quarter. National Grid had a net margin of 16.43% and a return on equity of 7.66%. Research analysts anticipate that National Grid will post 66.9851952 earnings per share for the current fiscal year.

National Grid Company Profile

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.