National Grid’s (NG) “Hold” Rating Reaffirmed at Jefferies Financial Group

National Grid (LON:NG)‘s stock had its “hold” rating restated by analysts at Jefferies Financial Group in a research note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 1,410 target price on the stock. Jefferies Financial Group’s price target indicates a potential upside of 9.26% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. Citigroup upped their price objective on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. lowered their target price 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 reissued a “sell” rating and set a GBX 1,160 target price on shares of National Grid in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft cut 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. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, National Grid has an average rating of “Hold” and a consensus price target of GBX 1,305.50.

National Grid Stock Up 1.1%

NG stock traded up GBX 14.50 on Friday, hitting GBX 1,290.50. 8,600,934 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of GBX 1,300.41 and a two-hundred day moving average price of GBX 1,234.49. 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 cap of £63.36 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 2.06 and a beta of 0.62. The company has a debt-to-equity ratio of 123.46, a quick ratio of 0.34 and a current ratio of 0.97.

National Grid (LON:NG) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 78 EPS for the quarter. The company had revenue of GBX 1,768.70 billion during the quarter. National Grid had a return on equity of 7.66% and a net margin of 16.43%. As a group, equities research analysts expect 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.