National Grid (LON:NG) Price Target Cut to GBX 1,370 by Analysts at Deutsche Bank Aktiengesellschaft

National Grid (LON:NG) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from GBX 1,430 to GBX 1,370 in a report published on Wednesday,London Stock Exchange reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the company. Jefferies Financial Group lowered National Grid to a “hold” rating and set a GBX 1,410 target price on the stock. in a research report on Wednesday, March 18th. JPMorgan Chase & Co. boosted their price target on shares of National Grid from GBX 1,250 to GBX 1,450 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Citigroup upped their price objective on shares of National Grid from GBX 1,150 to GBX 1,200 and gave the stock a “neutral” rating in a report on Monday, January 26th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,326.

National Grid Stock Down 0.2%

Shares of LON:NG opened at GBX 1,269.50 on Wednesday. The company has a debt-to-equity ratio of 123.46, a quick ratio of 0.34 and a current ratio of 0.97. National Grid has a 52-week low of GBX 645 and a 52-week high of GBX 1,145.50. The business’s 50 day simple moving average is GBX 1,302.66 and its two-hundred day simple moving average is GBX 1,189.28. The firm has a market cap of £62.33 billion, a P/E ratio of 20.86, a PEG ratio of 2.06 and a beta of 0.61.

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.