National Grid (LON:NG) Price Target Raised to GBX 880

National Grid (LON:NG) had its price target lifted by Jefferies Financial Group from GBX 820 ($10.71) to GBX 880 ($11.50) in a research note published on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has a hold rating on the stock.

NG has been the subject of a number of other research reports. Royal Bank of Canada restated an outperform rating on shares of National Grid in a research report on Thursday, July 18th. Sanford C. Bernstein set a GBX 950 ($12.41) price objective on shares of National Grid and gave the stock a buy rating in a research report on Friday, June 14th. Deutsche Bank raised shares of National Grid to a buy rating and upped their price target for the stock from GBX 840 ($10.98) to GBX 890 ($11.63) in a research note on Tuesday, July 23rd. Macquarie raised shares of National Grid to an outperform rating and set a GBX 930 ($12.15) price target on the stock in a research note on Monday, June 17th. Finally, Barclays reaffirmed an overweight rating on shares of National Grid in a research note on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. National Grid has a consensus rating of Buy and an average price target of GBX 904.93 ($11.82).

Shares of National Grid stock opened at GBX 851.50 ($11.13) on Thursday. The company has a market cap of $29.64 billion and a P/E ratio of 19.13. The company has a debt-to-equity ratio of 153.93, a quick ratio of 0.58 and a current ratio of 0.87. National Grid has a one year low of GBX 744.50 ($9.73) and a one year high of GBX 892 ($11.66). The firm has a fifty day moving average of GBX 849.17 and a two-hundred day moving average of GBX 841.12.

In other National Grid news, insider Amanda Mesler acquired 1,500 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average cost of GBX 850 ($11.11) per share, with a total value of £12,750 ($16,660.13). Also, insider Andrew Agg sold 13,593 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of GBX 842 ($11.00), for a total transaction of £114,453.06 ($149,553.19).

About National Grid

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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Analyst Recommendations for National Grid (LON:NG)

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