Jefferies Financial Group Reaffirms Buy Rating for National Grid (LON:NG)

National Grid (LON:NG)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 1,330 ($16.83) price target on the stock. Jefferies Financial Group’s price target suggests a potential upside of 30.26% from the company’s previous close.

National Grid Price Performance

Shares of NG opened at GBX 1,021 ($12.92) on Thursday. The company has a market capitalization of £37.98 billion, a P/E ratio of 1,479.71, a price-to-earnings-growth ratio of 3.26 and a beta of 0.29. 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 firm has a 50 day moving average of GBX 1,041.67 and a 200 day moving average of GBX 1,025.86. National Grid has a twelve month low of GBX 918 ($11.62) and a twelve month high of GBX 1,181 ($14.95).

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.