National Grid (LON:NG) Rating Lowered to Hold at Berenberg Bank

National Grid (LON:NGGet Rating) was downgraded by analysts at Berenberg Bank to a “hold” rating in a note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 1,210 ($15.74) price objective on the stock, up from their prior price objective of GBX 1,100 ($14.31). Berenberg Bank’s target price would suggest a potential upside of 2.50% from the stock’s current price.

Several other equities analysts also recently commented on NG. Morgan Stanley restated an “overweight” rating on shares of National Grid in a research note on Friday, January 28th. Royal Bank of Canada cut shares of National Grid to a “sector perform” rating and upped their price objective for the stock from GBX 1,040 ($13.53) to GBX 1,100 ($14.31) in a research report on Tuesday, January 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of National Grid in a research report on Tuesday, February 8th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 1,073.67 ($13.97).

NG stock opened at GBX 1,180.50 ($15.36) on Thursday. The company has a debt-to-equity ratio of 216.30, a quick ratio of 0.24 and a current ratio of 0.69. The company’s 50-day simple moving average is GBX 1,134.03 and its 200 day simple moving average is GBX 1,053.45. National Grid has a 52 week low of GBX 880.60 ($11.46) and a 52 week high of GBX 1,235.49 ($16.07). The company has a market capitalization of £43.03 billion and a PE ratio of 27.84.

National Grid Company Profile (Get Rating)

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 (NGV) and Other segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,236 kilometers of overhead lines.

Featured Stories

Analyst Recommendations for National Grid (LON:NG)

Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.