National Grid (LON:NG) Stock Rating Reaffirmed by Jefferies Financial Group

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Jefferies Financial Group reiterated their hold rating on shares of National Grid (LON:NG) in a report issued on Monday, Digital Look reports. They currently have a GBX 820 ($10.71) price target on the stock.

A number of other equities research analysts also recently weighed in on the stock. Credit Suisse Group set a GBX 810 ($10.58) price target on shares of National Grid and gave the company a neutral rating in a research report on Thursday, May 30th. UBS Group reiterated a neutral rating and issued a GBX 840 ($10.98) price target on shares of National Grid in a research report on Thursday, May 16th. HSBC set a GBX 930 ($12.15) price target on shares of National Grid and gave the company a buy rating in a research report on Monday, June 24th. Deutsche Bank upgraded shares of National Grid to a buy rating and lifted their price target for the company from GBX 840 ($10.98) to GBX 890 ($11.63) in a research report on Tuesday, July 23rd. Finally, Macquarie upgraded shares of National Grid to an outperform rating and set a GBX 930 ($12.15) price target for the company in a research report on Monday, June 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of GBX 905.59 ($11.83).

LON NG opened at GBX 859.80 ($11.23) on Monday. The company has a current ratio of 0.87, a quick ratio of 0.58 and a debt-to-equity ratio of 153.93. National Grid has a 1-year low of GBX 744.50 ($9.73) and a 1-year high of GBX 892 ($11.66). The company has a 50 day moving average of GBX 844.99 and a 200-day moving average of GBX 840.25. The company has a market cap of $29.34 billion and a price-to-earnings ratio of 19.32.

In related news, insider Andrew Agg sold 13,593 shares of National Grid stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of GBX 842 ($11.00), for a total value of £114,453.06 ($149,553.19). Also, insider Amanda Mesler acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of GBX 850 ($11.11) per share, for a total transaction of £12,750 ($16,660.13). Insiders purchased 61,515 shares of company stock worth $49,707,720 over the last three months.

National Grid Company Profile

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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Analyst Recommendations for National Grid (LON:NG)

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