National Grid (LON:NG) Given Sell Rating at UBS Group

National Grid (LON:NG)‘s stock had its “sell” rating reiterated by research analysts at UBS Group in a note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 1,160 target price on the stock. UBS Group’s target price indicates a potential downside of 9.20% from the company’s previous close.

NG has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating for the company in a report on Wednesday, April 1st. JPMorgan Chase & Co. lowered their price target on shares of National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating for the company in a report on Thursday. Citigroup raised their price target on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, Jefferies Financial Group lowered shares of National Grid to a “hold” rating and set a GBX 1,410 price target for the company. in a report on Wednesday, March 18th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 1,305.50.

National Grid Trading Up 0.3%

Shares of National Grid stock traded up GBX 3.60 during trading hours on Monday, hitting GBX 1,277.60. The company’s stock had a trading volume of 8,435,417 shares. The business has a fifty day moving average of GBX 1,311.44 and a 200 day moving average of GBX 1,229.61. The company has a market capitalization of £62.73 billion, a PE ratio of 20.99, a P/E/G ratio of 2.06 and a beta of 0.62. National Grid has a 1-year low of GBX 645 and a 1-year high of GBX 1,145.50. The company has a quick ratio of 0.34, a current ratio of 0.97 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.