Barclays Reaffirms “Overweight” Rating for National Grid (LON:NG)

National Grid (LON:NG)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays in a report released on Thursday, Marketbeat Ratings reports. They presently have a GBX 1,200 price target on the stock. Barclays‘s price target suggests a potential upside of 6.19% from the stock’s previous close.

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of National Grid in a research note on Friday, October 3rd. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,200.

National Grid Stock Performance

Shares of NG stock opened at GBX 1,130 on Thursday. The stock has a market cap of £55.48 billion, a P/E ratio of 18.57, a P/E/G ratio of 2.06 and a beta of 0.25. The company has a debt-to-equity ratio of 157.61, a current ratio of 0.91 and a quick ratio of 0.34. The company has a fifty day moving average price of GBX 1,054.45 and a two-hundred day moving average price of GBX 1,052.30. National Grid has a one year low of GBX 645 and a one year high of GBX 1,145.50.

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.