National Grid (LON:NG) Trading Down 0.5% - Here's What Happened

Key Points

• National Grid's stock fell 0.5% on Friday, trading as low as GBX 1,058.83 and last recorded at GBX 1,070.
• JPMorgan Chase & Co. reasserted an "overweight" rating on National Grid, with the stock holding a consensus rating of "Moderate Buy" and a price target of GBX 1,070.
• The company has a market capitalization of £52.90 billion and a debt-to-equity ratio of 157.61, indicating high leverage.

National Grid plc (LON:NG - Get Free Report)'s stock price traded down 0.5% on Friday . The stock traded as low as GBX 1,058.83 ($14.27) and last traded at GBX 1,070 ($14.42). 5,744,981 shares traded hands during trading, The stock had previously closed at GBX 1,075 ($14.49).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated an "overweight" rating on shares of National Grid in a research report on Friday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,070.

National Grid Trading Up 0.7%

The company's fifty day simple moving average is GBX 1,048.49 and its two-hundred day simple moving average is GBX 1,043.99. The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 157.61. The company has a market capitalization of £52.90 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25.

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.

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