National Grid plc (LON:NG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of National Grid plc (LON:NG) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 1,212 ($15.09).

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 1,330 ($16.56) price target on shares of National Grid in a research note on Thursday, April 11th.

National Grid Trading Up 0.6 %

Shares of National Grid stock opened at GBX 1,013 ($12.61) on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 156.83. National Grid has a 12-month low of GBX 918 ($11.43) and a 12-month high of GBX 1,181 ($14.70). The firm has a market capitalization of £37.68 billion, a price-to-earnings ratio of 1,458.70, a PEG ratio of 3.26 and a beta of 0.29. The firm’s 50 day simple moving average is GBX 1,039.14 and its two-hundred day simple moving average is GBX 1,026.72.

National Grid Company Profile

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.