National Grid plc (LON:NG) Receives GBX 1,212 Consensus PT from Analysts

Shares of National Grid plc (LON:NG) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,212 ($15.23).

Several research firms have recently commented on NG. Royal Bank of Canada restated an “outperform” rating and issued a GBX 1,250 ($15.70) price objective on shares of National Grid in a research note on Tuesday, April 30th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,330 ($16.71) price target on shares of National Grid in a research report on Friday, April 19th.

National Grid Trading Up 0.5 %

NG opened at GBX 1,101.50 ($13.84) on Monday. The stock has a fifty day simple moving average of GBX 1,049.33 and a 200 day simple moving average of GBX 1,036.49. The company has a market capitalization of £40.98 billion, a P/E ratio of 1,587.68, a PEG ratio of 3.37 and a beta of 0.29. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 156.83.

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.