National Grid (LON:NG) Earns “Buy” Rating from Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of National Grid (LON:NG) in a report issued on Friday morning, MarketBeat Ratings reports. They currently have a GBX 1,330 ($16.56) price objective on the stock.

National Grid Stock Up 1.0 %

Shares of NG stock opened at GBX 1,040 ($12.95) on Friday. The stock has a market cap of £38.69 billion, a P/E ratio of 1,492.75, a PEG ratio of 3.26 and a beta of 0.29. National Grid has a 52 week low of GBX 918 ($11.43) and a 52 week high of GBX 1,181 ($14.70). The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 156.83. The company’s fifty day simple moving average is GBX 1,039.03 and its two-hundred day simple moving average is GBX 1,026.97.

National Grid Company Profile

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.