National Grid (LON:NG) Issues Quarterly Earnings Results

National Grid (LON:NG) announced its quarterly earnings results on Thursday. The company reported GBX 78 earnings per share (EPS) for the quarter, Digital Look Earnings reports. National Grid had a net margin of 18.32% and a return on equity of 8.47%. The firm had revenue of GBX 1,768.70 billion during the quarter.

National Grid Stock Down 7.9%

Shares of LON NG opened at GBX 1,188 on Friday. The stock has a market cap of £58.33 billion, a P/E ratio of 19.52, a P/E/G ratio of 2.06 and a beta of 0.62. The firm has a 50 day moving average price of GBX 1,299.31 and a 200 day moving average price of GBX 1,234.88. The company has a debt-to-equity ratio of 118.97, a quick ratio of 0.34 and a current ratio of 0.76. National Grid has a 52-week low of GBX 645 and a 52-week high of GBX 1,145.50.

Analysts Set New Price Targets

Several brokerages recently issued reports on NG. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,410 price target on shares of National Grid in a report on Friday. UBS Group reaffirmed a “sell” rating and issued a GBX 1,160 target price on shares of National Grid in a research note on Monday, May 11th. Citigroup boosted their target price on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Finally, JPMorgan Chase & Co. dropped their target price on shares of National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 1,305.50.

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