National Grid’s (NG) Hold Rating Reiterated at Jefferies Financial Group

National Grid (LON:NG)‘s stock had its “hold” rating reissued by Jefferies Financial Group in a research 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 points to a potential upside of 13.04% from the stock’s current price.

Separately, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 1,375 price target on shares of National Grid in a report on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,299.71.

National Grid Stock Down 0.1%

Shares of LON:NG traded down GBX 1 during trading on Tuesday, reaching GBX 1,150. 7,198,316 shares of the stock were exchanged. The stock has a fifty day moving average of GBX 1,162.10 and a two-hundred day moving average of GBX 1,221.28. National Grid has a 1-year low of GBX 645 and a 1-year high of GBX 1,145.50. The company has a debt-to-equity ratio of 118.97, a current ratio of 0.76 and a quick ratio of 0.34. The firm has a market cap of £56.46 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59.

Insider Transactions at National Grid

In other National Grid news, insider Zoe Yujnovich sold 66,930 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of GBX 1,156, for a total value 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.