National Grid (LON:NG) Given Hold Rating at Jefferies Financial Group

National Grid (LON:NG)‘s stock had its “hold” rating restated by research analysts at Jefferies Financial Group in a research report issued on Tuesday, October 6th, 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 11.64% from the company’s current price.

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

National Grid Stock Performance

LON:NG traded up GBX 17.50 during midday trading on Tuesday, reaching GBX 1,164.50. The stock had a trading volume of 5,563,759 shares. The firm has a fifty day simple moving average of GBX 1,159.24 and a two-hundred day simple moving average of GBX 1,219.40. National Grid has a 12-month low of GBX 645 and a 12-month 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 stock has a market cap of £57.17 billion, a P/E ratio of 19.13, a P/E/G ratio of 2.06 and a beta of 0.59.

Insiders Place Their Bets

In other National Grid news, insider Zoe Yujnovich sold 66,930 shares of National Grid 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. Over the last 90 days, insiders purchased 38 shares of company stock valued at $44,224. 0.18% of the stock is currently owned by insiders.

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.