Jefferies Financial Group Reaffirms Buy Rating for National Grid (LON:NG)

Jefferies Financial Group reiterated their buy rating on shares of National Grid (LON:NG) in a research note issued to investors on Thursday morning, MarketBeat reports. They currently have a GBX 1,330 ($16.83) price objective on the stock.

National Grid Stock Performance

NG stock opened at GBX 1,037.50 ($13.13) on Thursday. The company has a debt-to-equity ratio of 156.83, a current ratio of 0.93 and a quick ratio of 0.34. National Grid has a 1 year low of GBX 918 ($11.62) and a 1 year high of GBX 1,181 ($14.95). The company has a market cap of £38.60 billion, a P/E ratio of 1,503.62, a price-to-earnings-growth ratio of 3.26 and a beta of 0.29. The stock’s fifty day moving average price is GBX 1,040.24 and its 200-day moving average price is GBX 1,025.92.

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.