National Grid (LON:NG) Trading 0.6% Higher – Still a Buy?

National Grid plc (LON:NG) shares were up 0.6% on Tuesday . The company traded as high as GBX 1,428.50 and last traded at GBX 1,400. Approximately 15,714,437 shares changed hands during trading, The stock had previously closed at GBX 1,391.

Wall Street Analyst Weigh In

A number of brokerages have commented on NG. Citigroup upped their target price on shares of National Grid from GBX 1,150 to GBX 1,200 and gave the stock a “neutral” rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft boosted their price target on National Grid from GBX 1,150 to GBX 1,250 and gave the company a “buy” rating in a report on Monday, January 19th. Finally, JPMorgan Chase & Co. raised their price objective on National Grid from GBX 1,225 to GBX 1,250 and gave the stock an “overweight” rating in a report on Friday, December 5th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, National Grid currently has an average rating of “Moderate Buy” and an average price target of GBX 1,225.

National Grid Stock Performance

The firm’s fifty day moving average price is GBX 1,243.69 and its 200 day moving average price is GBX 1,151.17. The firm has a market cap of £68.74 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 2.06 and a beta of 0.58. The company has a debt-to-equity ratio of 123.46, a quick ratio of 0.34 and a current ratio of 0.97.

About National Grid

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.