Jefferies Financial Group Reiterates “Hold” Rating for National Grid (LON:NG)

National Grid (LON:NG)‘s stock had its “hold” rating restated by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 1,410 target price on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 16.43% from the stock’s previous close.

NG has been the topic of a number of other research reports. Citigroup upped their target price on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft dropped their price target on National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 1,375 price objective on shares of National Grid in a research report on Thursday. UBS Group reaffirmed a “sell” rating and issued a GBX 1,160 target price on shares of National Grid in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, National Grid presently has an average rating of “Hold” and an average target price of GBX 1,315.43.

National Grid Trading Down 3.0%

Shares of NG stock opened at GBX 1,211 on Thursday. The stock has a market capitalization of £59.46 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.06 and a beta of 0.60. The company’s fifty day simple moving average is GBX 1,246.61 and its two-hundred day simple moving average is GBX 1,253.71. National Grid has a 1 year low of GBX 645 and a 1 year high of GBX 1,145.50. The company has a debt-to-equity ratio of 118.97, a current ratio of 0.76 and a quick ratio of 0.34.

National Grid (LON:NG) last posted its quarterly earnings results on Thursday, May 14th. The company reported GBX 78 EPS for the quarter. National Grid had a return on equity of 8.47% and a net margin of 18.32%.The firm had revenue of GBX 1,768.70 billion during the quarter. As a group, analysts anticipate that National Grid will post 66.9851952 earnings per share for the current year.

Insider Transactions at National Grid

In other National Grid news, insider Zoe Yujnovich acquired 24,797 shares of the stock in a transaction dated Monday, June 15th. The stock was purchased at an average cost of GBX 1,203 per share, for a total transaction of £298,307.91. Also, insider Jacqui Ferguson bought 1,936 shares of National Grid stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of GBX 1,281 per share, for a total transaction of £24,800.16. In the last three months, insiders bought 43,359 shares of company stock worth $52,312,929. 0.18% of the stock is currently owned by corporate insiders.

National Grid Company Profile

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.