National Grid (LON:NG) Stock Rating Reaffirmed by Royal Bank of Canada

National Grid (LON:NG)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank of Canada in a research note issued on Tuesday, Marketbeat.com reports. They currently have a GBX 1,250 ($15.70) price target on the stock. Royal Bank of Canada’s price target points to a potential upside of 18.48% from the company’s previous close.

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,330 ($16.71) target price on shares of National Grid in a report on Friday, April 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,212 ($15.22).

National Grid Price Performance

Shares of LON:NG opened at GBX 1,055 ($13.25) on Tuesday. The company has a debt-to-equity ratio of 156.83, a quick ratio of 0.34 and a current ratio of 0.93. The firm has a market cap of £39.25 billion, a PE ratio of 1,518.84, a price-to-earnings-growth ratio of 3.37 and a beta of 0.29. The business’s 50 day simple moving average is GBX 1,045.13 and its 200 day simple moving average is GBX 1,033.

About National Grid

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.