National Grid (LON:NG) Trading 0.6% Higher – Here’s What Happened

Shares of National Grid plc (LON:NG) shot up 0.6% on Tuesday . The stock traded as high as GBX 1,428.50 and last traded at GBX 1,400. 15,714,437 shares changed hands during mid-day trading, The stock had previously closed at GBX 1,391.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citigroup upped their target price on shares of National Grid from GBX 1,150 to GBX 1,200 and gave the stock a “neutral” rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of National Grid from GBX 1,150 to GBX 1,250 and gave the stock a “buy” rating in a research note on Monday, January 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of National Grid from GBX 1,225 to GBX 1,250 and gave the company an “overweight” rating in a research note on Friday, December 5th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,225.

National Grid Price Performance

The stock has a 50 day moving average of GBX 1,243.69 and a 200-day moving average of GBX 1,151.17. The company has a current ratio of 0.97, a quick ratio of 0.34 and a debt-to-equity ratio of 123.46. The stock has a market capitalization of £68.74 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 2.06 and a beta of 0.58.

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. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales.