Jefferies Financial Group Downgrades National Grid (LON:NG) to Hold

National Grid (LON:NG) was downgraded by Jefferies Financial Group to a “hold” rating in a research note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 1,410 price target on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 3.60% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Citigroup raised their target price on shares of National Grid from GBX 1,150 to GBX 1,200 and gave the stock a “neutral” rating in a report on Monday, January 26th. JPMorgan Chase & Co. increased their price objective on shares of National Grid from GBX 1,225 to GBX 1,250 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on National Grid from GBX 1,150 to GBX 1,250 and gave the company a “buy” rating in a research report on Monday, January 19th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, National Grid presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,262.

National Grid Trading Up 0.4%

Shares of LON NG traded up GBX 5 during trading hours on Wednesday, hitting GBX 1,361. 8,076,645 shares of the company traded hands. The company’s 50 day moving average price is GBX 1,284.96 and its 200 day moving average price is GBX 1,172.27. National Grid has a 12 month low of GBX 645 and a 12 month high of GBX 1,145.50. The stock has a market capitalization of £66.82 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.06 and a beta of 0.61. The company has a current ratio of 0.97, a quick ratio of 0.34 and a debt-to-equity ratio of 123.46.

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.