Morgan Stanley reissued their overweight rating on shares of National Grid (LON:NG) in a research note published on Monday, ThisIsMoney.Co.Uk reports.

Several other research firms have also recently issued reports on NG. Barclays reissued an overweight rating on shares of National Grid in a research report on Wednesday, October 16th. Royal Bank of Canada set a GBX 1,000 ($13.07) price objective on shares of National Grid and gave the company a buy rating in a research report on Tuesday, October 15th. Jefferies Financial Group boosted their price objective on shares of National Grid from GBX 820 ($10.71) to GBX 880 ($11.50) and gave the company a hold rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. reissued an overweight rating on shares of National Grid in a research report on Wednesday, October 16th. Finally, Credit Suisse Group set a GBX 970 ($12.67) price objective on shares of National Grid and gave the company a buy rating in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. National Grid has a consensus rating of Buy and an average target price of GBX 932.08 ($12.18).

National Grid stock traded up GBX 2.20 ($0.03) during trading hours on Monday, hitting GBX 893.90 ($11.68). The company had a trading volume of 4,992,397 shares, compared to its average volume of 10,850,000. The firm has a market cap of $31.04 billion and a P/E ratio of 20.09. The company has a debt-to-equity ratio of 153.93, a quick ratio of 0.58 and a current ratio of 0.87. National Grid has a 1 year low of GBX 8.90 ($0.12) and a 1 year high of GBX 926.70 ($12.11). The company has a 50-day moving average price of GBX 890.23 and a two-hundred day moving average price of GBX 850.09.

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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Analyst Recommendations for National Grid (LON:NG)

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