Analysts Set National Grid plc (LON:NG) Target Price at GBX 1,182.50

National Grid plc (LON:NG) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 1,212 ($15.09).

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,330 ($16.56) target price on shares of National Grid in a report on Thursday, April 11th.

National Grid Stock Up 0.6 %

Shares of LON:NG opened at GBX 1,013 ($12.61) on Thursday. The company has a market capitalization of £37.68 billion, a PE ratio of 1,458.70, a P/E/G ratio of 3.26 and a beta of 0.29. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 156.83. National Grid has a twelve month low of GBX 918 ($11.43) and a twelve month high of GBX 1,181 ($14.70). The firm has a 50 day simple moving average of GBX 1,039.14 and a 200-day simple moving average of GBX 1,026.72.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. The company 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.