Royal Bank Of Canada Cuts National Grid (LON:NG) Price Target to GBX 1,375

National Grid (LON:NG) had its price target dropped by equities research analysts at Royal Bank Of Canada from GBX 1,400 to GBX 1,375 in a report issued on Monday,London Stock Exchange reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 15.01% from the company’s current price.

A number of other research firms have also recently commented on NG. Citigroup boosted their price target on National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. lowered their price target on National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating on the stock in a report on Thursday, May 7th. UBS Group reissued a “sell” rating and issued a GBX 1,160 price target on shares of National Grid in a report on Monday, May 11th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,410 price target on shares of National Grid in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reduced 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. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, National Grid presently has an average rating of “Hold” and a consensus price target of GBX 1,315.43.

National Grid Stock Down 2.2%

LON NG opened at GBX 1,195.50 on Monday. The stock’s 50 day moving average is GBX 1,280.21 and its 200 day moving average is GBX 1,242.88. The company has a current ratio of 0.76, a quick ratio of 0.34 and a debt-to-equity ratio of 118.97. National Grid has a 12 month low of GBX 645 and a 12 month high of GBX 1,145.50. The stock has a market cap of £58.69 billion, a PE ratio of 19.64, a P/E/G ratio of 2.06 and a beta of 0.62.

National Grid (LON:NG) last posted its quarterly earnings results on Thursday, May 14th. The company reported GBX 78 EPS for the quarter. National Grid had a return on equity of 8.47% and a net margin of 18.32%.The company had revenue of GBX 1,768.70 billion for the quarter. Research analysts predict that National Grid will post 66.9851952 EPS for the current fiscal year.

Insider Buying and Selling at National Grid

In related news, insider Jacqui Ferguson bought 1,936 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of GBX 1,281 per share, with a total value of £24,800.16. Corporate insiders own 0.18% of the company’s stock.

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.