National Grid (LON:NG) Earns Hold Rating from Jefferies Financial Group

by · The Markets Daily

National Grid (LON:NG – Get Free Report)‘s stock had its “hold” rating reissued by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, Digital Look reports. They presently have a GBX 1,300 price objective on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 13.04% from the company’s previous close.

Separately, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 1,375 price objective on shares of National Grid in a research note on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 1,299.71.

Get Our Latest Stock Report on NG

National Grid Stock Performance

Shares of National Grid stock opened at GBX 1,150 on Tuesday. National Grid has a 52 week low of GBX 645 and a 52 week high of GBX 1,145.50. The company has a quick ratio of 0.34, a current ratio of 0.76 and a debt-to-equity ratio of 118.97. The business has a 50 day moving average price of GBX 1,162.10 and a 200-day moving average price of GBX 1,221.28. The company has a market cap of £56.46 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59.

Insider Activity

In other news, insider Zoe Yujnovich sold 66,930 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of GBX 1,156, for a total transaction of £773,710.80. Company insiders own 0.18% of the company’s stock.

About National Grid

(Get Free Report)

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.

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