Deutsche Bank Reiterates “Hold” Rating for National Grid (NG)

National Grid (LON:NG)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

Several other analysts also recently commented on NG. Jefferies Financial Group restated a “hold” rating on shares of National Grid in a report on Tuesday, April 9th. Goldman Sachs Group raised their target price on shares of National Grid from GBX 875 ($11.43) to GBX 899 ($11.75) and gave the stock a “neutral” rating in a report on Friday, April 5th. UBS Group raised their target price on shares of National Grid from GBX 800 ($10.45) to GBX 840 ($10.98) and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Barclays restated an “overweight” rating and set a GBX 950 ($12.41) target price on shares of National Grid in a report on Monday. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of National Grid in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 907.67 ($11.86).

Shares of NG stock opened at GBX 823 ($10.75) on Tuesday. The company has a debt-to-equity ratio of 148.26, a quick ratio of 0.51 and a current ratio of 0.85. The company has a market cap of $28.18 billion and a price-to-earnings ratio of 8.44. National Grid has a 52 week low of GBX 744.50 ($9.73) and a 52 week high of GBX 895.10 ($11.70).

About National Grid

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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Analyst Recommendations for National Grid (LON:NG)

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