National Grid (LON:NG) Stock Rating Reaffirmed as “Hold” by Jefferies Financial Group

National Grid (LON:NG – Get Free Report)‘s stock had its “hold” rating restated by research analysts at Jefferies Financial Group in a report released on Tuesday, Digital Look reports. They presently have a GBX 1,300 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 12.80% from the company’s current price.

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 report on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 1,299.71.

View Our Latest Analysis on National Grid

National Grid Stock Up 0.2%

Shares of NG opened at GBX 1,152.50 on Tuesday. The company has a market capitalization of £56.58 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 2.06 and a beta of 0.59. National Grid has a 52 week low of GBX 645 and a 52 week high of GBX 1,145.50. The stock’s 50-day moving average price is GBX 1,160.74 and its 200-day moving average price is GBX 1,220.42. The company has a quick ratio of 0.34, a current ratio of 0.76 and a debt-to-equity ratio of 118.97.

Insider Activity at National Grid

In other news, insider Zoe Yujnovich sold 66,930 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of GBX 1,156, for a total value of £773,710.80. 0.18% of the stock is owned by insiders.

National Grid Company Profile

(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.

Further Reading

Analyst Recommendations for National Grid (LON:NG)

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