National Grid’s (NG) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of National Grid (LON:NG) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. Jefferies Financial Group currently has a GBX 1,330 ($16.83) price objective on the stock.

National Grid Price Performance

NG opened at GBX 1,013.50 ($12.83) on Thursday. The company has a 50-day moving average of GBX 1,040.99 and a 200-day moving average of GBX 1,025.82. The company has a market capitalization of £37.70 billion, a P/E ratio of 1,479.71, a PEG ratio of 3.26 and a beta of 0.29. National Grid has a 1-year low of GBX 918 ($11.62) and a 1-year high of GBX 1,181 ($14.95). The company has a debt-to-equity ratio of 156.83, a quick ratio of 0.34 and a current ratio of 0.93.

About National Grid

National Grid plc transmits and distributes electricity and gas. The company 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.