National Grid (LON:NG) Receives Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of National Grid (LON:NG) in a report issued on Tuesday, Marketbeat.com reports. Royal Bank of Canada currently has a GBX 1,250 ($15.70) target price on the stock.

Separately, Jefferies Financial Group reissued a buy rating and set a GBX 1,330 ($16.71) price objective on shares of National Grid in a research note on Friday, April 19th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of GBX 1,212 ($15.22).

National Grid Stock Performance

Shares of LON NG opened at GBX 1,048 ($13.16) on Tuesday. The firm’s 50-day moving average price is GBX 1,044.48 and its two-hundred day moving average price is GBX 1,032.37. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 156.83. The company has a market cap of £38.99 billion, a price-to-earnings ratio of 1,527.54, a P/E/G ratio of 3.37 and a beta of 0.29.

About National Grid

National Grid plc transmits and distributes electricity and gas. The company 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.