National Grid (LON:NG) Receives “Buy” Rating from Jefferies Financial Group

National Grid (LON:NG)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 1,330 ($16.56) price objective on the stock. Jefferies Financial Group’s target price indicates a potential upside of 29.13% from the company’s current price.

National Grid Stock Up 1.7 %

NG opened at GBX 1,030 ($12.82) on Friday. The stock has a market cap of £38.32 billion, a price-to-earnings ratio of 1,492.75, a price-to-earnings-growth ratio of 3.26 and a beta of 0.29. The company has a debt-to-equity ratio of 156.83, a quick ratio of 0.34 and a current ratio of 0.93. The firm’s fifty day moving average is GBX 1,038.69 and its 200 day moving average is GBX 1,026.63. National Grid has a fifty-two week low of GBX 918 ($11.43) and a fifty-two week high of GBX 1,181 ($14.70).

About National Grid

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.