National Grid plc (LON:NG) Receives GBX 1,212 Consensus PT from Brokerages

Shares of National Grid plc (LON:NG) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,212 ($15.23).

Several research firms have weighed in on NG. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 1,250 ($15.70) target price on shares of National Grid in a report on Tuesday, April 30th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,330 ($16.71) target price on shares of National Grid in a research note on Friday, April 19th.

National Grid Stock Up 0.5 %

Shares of LON:NG opened at GBX 1,101.50 ($13.84) on Monday. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 156.83. The company has a market cap of £40.98 billion, a price-to-earnings ratio of 1,587.68, a P/E/G ratio of 3.37 and a beta of 0.29. The stock’s 50 day moving average is GBX 1,049.33 and its 200-day moving average is GBX 1,036.49.

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.