National Grid (LON:NG) Issues Earnings Results

National Grid (LON:NG) issued its quarterly earnings data on Thursday. The company reported GBX 78 EPS for the quarter, Digital Look Earnings reports. The firm 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%.

National Grid Price Performance

LON NG traded down GBX 1 during trading hours on Thursday, reaching GBX 1,276. 9,703,474 shares of the stock traded hands. The stock has a 50 day simple moving average of GBX 1,302.89 and a two-hundred day simple moving average of GBX 1,233.58. National Grid has a 1 year low of GBX 645 and a 1 year high of GBX 1,145.50. The company has a market cap of £62.65 billion, a price-to-earnings ratio of 20.96, 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 current ratio of 0.97 and a quick ratio of 0.34.

Analyst Ratings Changes

NG has been the subject of a number of recent research reports. Jefferies Financial Group lowered National Grid to a “hold” rating and set a GBX 1,410 price objective for the company. in a report on Wednesday, March 18th. JPMorgan Chase & Co. decreased their price objective on National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating for the company in a report on Thursday, May 7th. Citigroup boosted their price objective on National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating for the company in a report on Wednesday, April 1st. Finally, UBS Group reaffirmed a “sell” rating and issued a GBX 1,160 target price on shares of National Grid in a report on Monday. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 1,305.50.

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.