Deutsche Bank Aktiengesellschaft Cuts National Grid (LON:NG) Price Target to GBX 1,370

National Grid (LON:NG) had its price target trimmed by Deutsche Bank Aktiengesellschaft from GBX 1,430 to GBX 1,370 in a report published on Wednesday,London Stock Exchange reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also issued reports on NG. Citigroup increased their target price on National Grid from GBX 1,150 to GBX 1,200 and gave the company a “neutral” rating in a research report on Monday, January 26th. Jefferies Financial Group lowered shares of National Grid to a “hold” rating and set a GBX 1,410 price target for the company. in a report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of National Grid from GBX 1,250 to GBX 1,450 and gave the company an “overweight” rating in a report on Wednesday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,326.

National Grid Stock Up 2.2%

Shares of NG opened at GBX 1,323 on Wednesday. The firm has a market cap of £64.95 billion, a P/E ratio of 21.74, a PEG ratio of 2.06 and a beta of 0.61. National Grid has a 12 month low of GBX 645 and a 12 month high of GBX 1,145.50. The stock’s 50 day moving average is GBX 1,307.47 and its two-hundred day moving average is GBX 1,191.92. The company has a current ratio of 0.97, a quick ratio of 0.34 and a debt-to-equity ratio of 123.46.

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.