National Grid (LON:NG) Rating Lowered to Hold at Jefferies Financial Group

National Grid (LON:NG) was downgraded by Jefferies Financial Group to a “hold” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They presently have a GBX 1,410 price objective on the stock. Jefferies Financial Group’s price target suggests a potential upside of 6.74% from the company’s current price.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. upped their target price 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. Citigroup raised their target price on shares of National Grid from GBX 1,150 to GBX 1,200 and gave the company a “neutral” rating in a research note on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of National Grid from GBX 1,150 to GBX 1,250 and gave the stock a “buy” rating in a research report on Monday, January 19th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,262.

National Grid Stock Down 2.9%

Shares of NG stock opened at GBX 1,321 on Wednesday. The firm’s fifty day moving average price is GBX 1,291.44 and its two-hundred day moving average price is GBX 1,174.61. The company has a current ratio of 0.97, a quick ratio of 0.34 and a debt-to-equity ratio of 123.46. National Grid has a 1 year low of GBX 645 and a 1 year high of GBX 1,145.50. The firm has a market capitalization of £64.86 billion, a P/E ratio of 21.70, a PEG ratio of 2.06 and a beta of 0.61.

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.