National Grid (LON:NG) Stock Rating Reaffirmed by Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of National Grid (LON:NG) in a research note released on Friday morning, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 1,330 ($16.56) target price on the stock.

National Grid Price Performance

Shares of NG stock opened at GBX 1,040 ($12.95) on Friday. The company has a debt-to-equity ratio of 156.83, a current ratio of 0.93 and a quick ratio of 0.34. The firm’s 50-day moving average is GBX 1,039.03 and its two-hundred day moving average is GBX 1,028.19. National Grid has a 12 month low of GBX 918 ($11.43) and a 12 month high of GBX 1,181 ($14.70). The company has a market capitalization of £38.69 billion, a PE ratio of 1,507.25, a price-to-earnings-growth ratio of 3.26 and a beta of 0.29.

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.