National Grid plc (LON:NG) Given Average Rating of “Hold” by Brokerages

National Grid plc (LON:NG) has received a consensus recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,305.50.

Several brokerages have recently issued reports on NG. Jefferies Financial Group downgraded National Grid to a “hold” rating and set a GBX 1,410 price objective on the stock. in a research report on Wednesday, March 18th. UBS Group restated a “sell” rating and issued a GBX 1,160 price objective on shares of National Grid in a research report on Monday. Deutsche Bank Aktiengesellschaft reduced their price target 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. JPMorgan Chase & Co. reduced their price target 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. Finally, Citigroup increased their price target 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.

National Grid Price Performance

Shares of LON:NG traded up GBX 3.60 on Monday, hitting GBX 1,277.60. The company had a trading volume of 8,435,417 shares. The company has a current ratio of 0.97, a quick ratio of 0.34 and a debt-to-equity ratio of 123.46. National Grid has a 52-week low of GBX 645 and a 52-week high of GBX 1,145.50. The business has a 50 day moving average of GBX 1,311.44 and a 200 day moving average of GBX 1,229.61. The company has a market cap of £62.73 billion, a PE ratio of 20.99, a PEG ratio of 2.06 and a beta of 0.62.

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.