Jefferies Financial Group Cuts National Grid (LON:NG) Price Target to GBX 1,300

National Grid (LON:NG) had its target price cut by Jefferies Financial Group from GBX 1,410 to GBX 1,300 in a research note released on Monday morning, MarketBeat.com reports. They currently have a hold rating on the stock.

A number of other research analysts have also commented on the company. JPMorgan Chase & Co. cut their target price on National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 1,375 price target on shares of National Grid in a research note on Thursday, July 2nd. Citigroup boosted their price target on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, UBS Group restated a “sell” rating and issued a GBX 1,160 price objective on shares of National Grid in a research note on Monday, May 11th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, National Grid has a consensus rating of “Hold” and an average target price of GBX 1,299.71.

National Grid Trading Down 0.1%

National Grid stock opened at GBX 1,188 on Monday. The business has a 50 day moving average price of GBX 1,221.79 and a two-hundred day moving average price of GBX 1,267.49. The company has a quick ratio of 0.34, a current ratio of 0.76 and a debt-to-equity ratio of 118.97. The stock has a market cap of £58.33 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59. National Grid has a 12 month low of GBX 645 and a 12 month high of GBX 1,145.50.

National Grid (LON:NG) last announced its quarterly earnings data on Thursday, May 14th. The company reported GBX 78 EPS for the quarter. National Grid had a return on equity of 8.47% and a net margin of 18.32%.The company had revenue of GBX 1,768.70 billion during the quarter. As a group, equities analysts forecast that National Grid will post 66.9851952 EPS for the current year.

Insider Buying and Selling

In related news, insider Zoe Yujnovich purchased 24,797 shares of the stock in a transaction on Monday, June 15th. The shares were purchased at an average cost of GBX 1,203 per share, for a total transaction of £298,307.91. Also, insider Andrew Agg acquired 16,602 shares of the company’s stock in a transaction on Monday, June 15th. The shares were bought at an average price of GBX 1,203 per share, with a total value of £199,722.06. Insiders purchased 43,360 shares of company stock worth $52,313,524 in the last 90 days. 0.18% of the stock is owned by company 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.