Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for National Grid (LON:NG) Stock Price

National Grid (LON:NG) had its price objective reduced by research analysts at Deutsche Bank Aktiengesellschaft from GBX 1,430 to GBX 1,370 in a note issued to investors on Wednesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 3.55% from the company’s previous close.

A number of other research firms have also recently issued reports on NG. Jefferies Financial Group cut National Grid to a “hold” rating and set a GBX 1,410 price objective for the company. in a report on Wednesday, March 18th. JPMorgan Chase & Co. raised their price objective on National Grid from GBX 1,250 to GBX 1,450 and gave the company an “overweight” rating in a report on Wednesday. Finally, Citigroup boosted their target price on National Grid from GBX 1,150 to GBX 1,200 and gave the stock a “neutral” rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, National Grid currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,326.

National Grid Stock Performance

LON NG opened at GBX 1,323 on Wednesday. The company has a fifty day moving average of GBX 1,304.74 and a 200-day moving average of GBX 1,190.01. National Grid has a 52-week low of GBX 645 and a 52-week high of GBX 1,145.50. The company has a debt-to-equity ratio of 123.46, a quick ratio of 0.34 and a current ratio of 0.97. The company has a market capitalization of £64.95 billion, a P/E ratio of 21.74, a P/E/G 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.