National Grid (LON:NG) Earns "Outperform" Rating from Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of National Grid (LON:NG - Free Report) in a research report report published on Tuesday morning, MarketBeat.com reports. They currently have a GBX 1,250 ($15.70) price target on the stock.

Separately, Jefferies Financial Group reaffirmed a buy rating and set a GBX 1,330 ($16.71) price objective on shares of National Grid in a research 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 stock has an average rating of Moderate Buy and an average target price of GBX 1,212 ($15.22).

National Grid Stock Up 0.5 %

Shares of NG traded up GBX 5.50 ($0.07) during midday trading on Tuesday, hitting GBX 1,054 ($13.24). The company had a trading volume of 4,464,759 shares. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 156.83. The firm has a 50 day moving average price of GBX 1,044.48 and a 200 day moving average price of GBX 1,032.37. The stock has a market cap of £39.21 billion, a PE ratio of 1,527.54, a price-to-earnings-growth ratio of 3.37 and a beta of 0.29.

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.