National Grid (LON:NG) Stock Rating Reaffirmed by Royal Bank of Canada

National Grid (LON:NG)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank of Canada in a research note issued on Tuesday, Marketbeat.com reports. They presently have a GBX 1,250 ($15.70) price objective on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 18.48% from the stock’s current price.

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,330 ($16.71) target price on shares of National Grid in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,212 ($15.22).

National Grid Stock Performance

LON:NG opened at GBX 1,055 ($13.25) on Tuesday. The stock’s 50-day moving average is GBX 1,045.13 and its 200-day moving average is GBX 1,033. The company has a market cap of £39.25 billion, a P/E ratio of 1,518.84, a price-to-earnings-growth ratio of 3.37 and a beta of 0.29. The company has a debt-to-equity ratio of 156.83, a quick ratio of 0.34 and a current ratio of 0.93.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. The company 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.