Jefferies Financial Group Lowers National Grid (LON:NG) Price Target to GBX 1,300

National Grid (LON:NG) had its price objective cut by stock analysts at Jefferies Financial Group from GBX 1,410 to GBX 1,300 in a research note issued to investors on Monday,London Stock Exchange reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 9.24% from the company’s previous close.

NG has been the topic of a number of other research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 1,375 target price on shares of National Grid in a research report on Thursday, July 2nd. UBS Group reiterated a “sell” rating and set a GBX 1,160 price target on shares of National Grid in a research report on Monday, May 11th. JPMorgan Chase & Co. reduced their price target on shares of National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Finally, Citigroup increased their price objective on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, National Grid currently has an average rating of “Hold” and an average price target of GBX 1,299.71.

National Grid Price Performance

NG stock opened at GBX 1,190 on Monday. The business has a fifty day moving average of GBX 1,227.57 and a two-hundred day moving average of GBX 1,267.01. The company has a quick ratio of 0.34, a current ratio of 0.76 and a debt-to-equity ratio of 118.97. The stock has a market cap of £58.42 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 2.06 and a beta of 0.60. National Grid has a 52-week low of GBX 645 and a 52-week high of GBX 1,145.50.

National Grid (LON:NG) last posted its 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 company had revenue of GBX 1,768.70 billion for the quarter. As a group, research analysts anticipate that National Grid will post 66.9851952 earnings per share for the current year.

Insider Activity at National Grid

In other National Grid news, insider Zoe Yujnovich purchased 24,797 shares of the business’s stock in a transaction on Monday, June 15th. The shares were bought at an average cost of GBX 1,203 per share, for a total transaction of £298,307.91. Also, insider Jacqui Ferguson purchased 1,936 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were acquired at an average price of GBX 1,281 per share, for a total transaction of £24,800.16. Insiders bought 43,372 shares of company stock worth $52,328,932 in the last three months. 0.18% of the stock is owned by company 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.