National Grid (LON:NG) Lowered to Hold Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of National Grid (LON:NG) to a hold rating in a research note released on Wednesday, MarketBeat Ratings reports. They currently have GBX 1,410 price objective on the stock.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft lifted their price target on National Grid from GBX 1,150 to GBX 1,250 and gave the company a “buy” rating in a research note on Monday, January 19th. JPMorgan Chase & Co. increased their price objective on National Grid from GBX 1,225 to GBX 1,250 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Finally, Citigroup lifted their target price on National Grid from GBX 1,150 to GBX 1,200 and gave the company a “neutral” rating in a research report on Monday, January 26th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,262.

National Grid Stock Performance

NG opened at GBX 1,321 on Wednesday. National Grid has a 1-year low of GBX 645 and a 1-year high of GBX 1,145.50. The company has a market cap of £64.86 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.06 and a beta of 0.61. The company’s fifty day moving average price is GBX 1,288.71 and its two-hundred day moving average price is GBX 1,173.59. The company has a current ratio of 0.97, a quick ratio of 0.34 and a debt-to-equity ratio of 123.46.

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.