National Grid (LON:NG) Posts Earnings Results

National Grid (LON:NG) announced its quarterly earnings results on Thursday. The company reported GBX 78 EPS for the quarter, Digital Look Earnings reports. National Grid had a return on equity of 7.66% and a net margin of 16.43%.The firm had revenue of GBX 1,768.70 billion for the quarter.

National Grid Price Performance

National Grid stock opened at GBX 1,290.50 on Friday. The stock’s 50 day moving average is GBX 1,300.41 and its 200 day moving average is GBX 1,234.49. The company has a debt-to-equity ratio of 123.46, a current ratio of 0.97 and a quick ratio of 0.34. The firm has a market cap of £63.36 billion, a P/E ratio of 21.20, a P/E/G ratio of 2.06 and a beta of 0.62. National Grid has a one year low of GBX 645 and a one year high of GBX 1,145.50.

Analysts Set New Price Targets

A number of analysts have recently commented on NG shares. UBS Group reissued a “sell” rating and set a GBX 1,160 price target on shares of National Grid in a research note on Monday. Jefferies Financial Group lowered National Grid to a “hold” rating and set a GBX 1,410 price target on the stock. in a research note on Wednesday, March 18th. Citigroup lifted their price objective on National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft cut their price objective on 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. Finally, JPMorgan Chase & Co. cut their price objective on National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 1,305.50.

National Grid Company Profile

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.