Royal Bank Of Canada Cuts National Grid (LON:NG) Price Target to GBX 1,375

National Grid (LON:NG) had its target price lowered by analysts at Royal Bank Of Canada from GBX 1,400 to GBX 1,375 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 15.01% from the company’s previous close.

NG has been the topic of several other reports. UBS Group reissued a “sell” rating and issued a GBX 1,160 target price on shares of National Grid in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft dropped their target price on National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Citigroup raised their target price on National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. dropped their target price on National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,410 price objective on shares of National Grid in a research report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 1,315.43.

National Grid Price Performance

Shares of LON:NG opened at GBX 1,195.50 on Monday. National Grid has a 1-year low of GBX 645 and a 1-year high of GBX 1,145.50. The company has a debt-to-equity ratio of 118.97, a current ratio of 0.76 and a quick ratio of 0.34. The business has a fifty day moving average price of GBX 1,280.21 and a 200-day moving average price of GBX 1,242.88. The company has a market capitalization of £58.69 billion, a PE ratio of 19.64, a PEG ratio of 2.06 and a beta of 0.62.

National Grid (LON:NG) last issued its quarterly earnings results on Thursday, May 14th. The company reported GBX 78 earnings per share for the quarter. National Grid had a return on equity of 8.47% and a net margin of 18.32%.The firm had revenue of GBX 1,768.70 billion during the quarter. As a group, equities analysts expect that National Grid will post 66.9851952 EPS for the current fiscal year.

Insider Buying and Selling at National Grid

In related news, insider Jacqui Ferguson acquired 1,936 shares of the stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of GBX 1,281 per share, with a total value of £24,800.16. 0.18% of the stock is currently owned by insiders.

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.