National Grid’s (NG) Hold Rating Reaffirmed at Jefferies Financial Group

National Grid (LON:NG)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Financial Group in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 1,410 price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 16.43% from the company’s current price.

Several other brokerages have also recently issued reports on NG. Deutsche Bank Aktiengesellschaft decreased their target price on shares of National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 1,375 price target on shares of National Grid in a research report on Thursday. JPMorgan Chase & Co. cut their price target on shares of National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Citigroup boosted their price objective on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Finally, UBS Group reaffirmed a “sell” rating and set a GBX 1,160 price objective on shares of National Grid in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, National Grid currently has an average rating of “Hold” and an average target price of GBX 1,315.43.

National Grid Price Performance

NG opened at GBX 1,211 on Thursday. The stock’s 50 day simple moving average is GBX 1,246.61 and its 200 day simple moving average is GBX 1,253.71. The company has a debt-to-equity ratio of 118.97, a current ratio of 0.76 and a quick ratio of 0.34. National Grid has a 1 year low of GBX 645 and a 1 year high of GBX 1,145.50. The firm has a market cap of £59.46 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.06 and a beta of 0.60.

National Grid (LON:NG) last announced its quarterly earnings results on Thursday, May 14th. The company reported GBX 78 EPS for the quarter. National Grid had a return on equity of 8.47% and a net margin of 18.32%.The business had revenue of GBX 1,768.70 billion for the quarter. As a group, analysts predict that National Grid will post 66.9851952 earnings per share for the current year.

Insider Activity at National Grid

In other National Grid news, insider Andrew Agg bought 16,602 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of GBX 1,203 per share, for a total transaction of £199,722.06. Also, insider Jacqui Ferguson purchased 1,936 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of GBX 1,281 per share, with a total value of £24,800.16. Insiders acquired a total of 43,359 shares of company stock worth $52,312,929 over the last quarter. 0.18% of the stock is owned by corporate insiders.

About National Grid

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.