Several other equities research analysts also recently commented on NG. Macquarie upgraded National Grid to an outperform rating and set a GBX 930 ($12.15) target price on the stock in a report on Monday, June 17th. Royal Bank of Canada restated an outperform rating on shares of National Grid in a research note on Thursday, July 18th. Barclays restated an overweight rating on shares of National Grid in a research note on Wednesday, June 19th. HSBC set a GBX 930 ($12.15) price objective on National Grid and gave the company a buy rating in a research note on Monday, June 24th. Finally, Deutsche Bank upgraded National Grid to a buy rating and raised their price objective for the company from GBX 840 ($10.98) to GBX 890 ($11.63) in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 905.59 ($11.83).
Shares of National Grid stock opened at GBX 859.80 ($11.23) on Tuesday. The stock has a market cap of $29.34 billion and a price-to-earnings ratio of 19.32. The company has a debt-to-equity ratio of 153.93, a current ratio of 0.87 and a quick ratio of 0.58. National Grid has a 1 year low of GBX 744.50 ($9.73) and a 1 year high of GBX 892 ($11.66). The firm’s 50-day moving average is GBX 844.99 and its two-hundred day moving average is GBX 840.25.
National Grid Company Profile
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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