Brokerages Set National Grid plc (LON:NG) Price Target at GBX 1,305.50

National Grid plc (LON:NG) has been given a consensus rating of “Hold” by the six analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,305.50.

Several research firms recently issued reports on NG. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,410 target price on shares of National Grid in a research report on Friday. JPMorgan Chase & Co. cut their target price on National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Citigroup upped their target price on 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. UBS Group reissued a “sell” rating and issued a GBX 1,160 target price on shares of National Grid in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating on the stock in a research report on Wednesday, April 1st.

National Grid Stock Performance

Shares of NG opened at GBX 1,188 on Monday. National Grid has a 12 month low of GBX 645 and a 12 month high of GBX 1,145.50. The stock has a fifty 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 current ratio of 0.76, a quick ratio of 0.34 and a debt-to-equity ratio of 118.97. The firm has a market cap of £58.33 billion, a PE ratio of 19.52, a P/E/G ratio of 2.06 and a beta of 0.62.

National Grid (LON:NG) last issued its quarterly earnings data 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 firm had revenue of GBX 1,768.70 billion during the quarter. Equities research analysts predict that National Grid will post 66.9851952 earnings per share for the current fiscal year.

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.