National Grid plc (LON:NG) Receives Average Rating of “Hold” from Analysts

Shares of National Grid plc (LON:NG) have earned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,305.50.

NG has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,410 price target on shares of National Grid in a research note on Friday. Citigroup upped their price target on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. UBS Group reaffirmed a “sell” rating and set a GBX 1,160 price target on shares of National Grid in a research note on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target 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.

National Grid Price Performance

National Grid stock opened at GBX 1,188 on Monday. The company has a market cap of £58.33 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.06 and a beta of 0.62. The firm’s fifty day moving average is GBX 1,299.31 and its 200 day moving average is GBX 1,235.47. The company has a quick ratio of 0.34, a current ratio of 0.76 and a debt-to-equity ratio of 118.97. National Grid has a 52-week low of GBX 645 and a 52-week high of GBX 1,145.50.

National Grid (LON:NG) last released its quarterly 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 18.32% and a return on equity of 8.47%. Sell-side analysts forecast that National Grid will post 66.9851952 EPS for the current fiscal year.

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.