National Grid (LON:NG) Stock Rating Reaffirmed as “Hold” by Jefferies Financial Group

National Grid (LON:NG)‘s stock had its “hold” rating restated by Jefferies Financial Group in a note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 1,300 target price on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 13.04% from the stock’s previous close.

Separately, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 1,375 target price on shares of National Grid in a report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 1,299.71.

National Grid Price Performance

LON NG traded down GBX 1 during mid-day trading on Tuesday, hitting GBX 1,150. The stock had a trading volume of 7,198,316 shares. National Grid has a 52-week low of GBX 645 and a 52-week high of GBX 1,145.50. The company has a market cap of £56.46 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 2.06 and a beta of 0.59. The company has a 50 day simple moving average of GBX 1,160.74 and a 200 day simple moving average of GBX 1,220.42. The company has a quick ratio of 0.34, a current ratio of 0.76 and a debt-to-equity ratio of 118.97.

Insider Activity

In related news, insider Zoe Yujnovich sold 66,930 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of GBX 1,156, for a total transaction of £773,710.80. 0.18% of the stock is owned by corporate insiders.

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.