National Grid’s (NG) “Hold” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of National Grid (LON:NG – Free Report) in a research report report published on Tuesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 1,300 price target on the stock.

Separately, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 1,375 price objective on shares of National Grid in a research note on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, National Grid has a consensus rating of “Hold” and an average target price of GBX 1,299.71.

Read Our Latest Stock Report on National Grid

National Grid Trading Up 0.2%

LON:NG opened at GBX 1,151 on Tuesday. The company has a debt-to-equity ratio of 118.97, a quick ratio of 0.34 and a current ratio of 0.76. National Grid has a one year low of GBX 645 and a one year high of GBX 1,145.50. The business’s 50-day simple moving average is GBX 1,163.44 and its 200 day simple moving average is GBX 1,222.47. The stock has a market cap of £56.51 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59.

Insiders Place Their Bets

In other National Grid news, insider Zoe Yujnovich sold 66,930 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of GBX 1,156, for a total transaction of £773,710.80. 0.18% of the stock is currently owned by corporate insiders.

Key Headlines Impacting National Grid

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About National Grid

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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.

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Analyst Recommendations for National Grid (LON:NG)

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