National Grid (LON:NG) Given “Buy” Rating at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of National Grid (LON:NG) in a research note issued to investors on Friday morning, Marketbeat reports. They currently have a GBX 1,330 ($16.56) price objective on the stock.

National Grid Trading Up 1.0 %

Shares of NG stock opened at GBX 1,040 ($12.95) on Friday. The company’s fifty day simple moving average is GBX 1,039.03 and its two-hundred day simple moving average is GBX 1,026.97. The stock has a market capitalization of £38.69 billion, a price-to-earnings ratio of 1,492.75, a PEG ratio of 3.26 and a beta of 0.29. The company has a debt-to-equity ratio of 156.83, a current ratio of 0.93 and a quick ratio of 0.34. National Grid has a 1 year low of GBX 918 ($11.43) and a 1 year high of GBX 1,181 ($14.70).

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.