National Grid (LON:NG) Given “Outperform” Rating at Royal Bank of Canada

National Grid (LON:NG)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 1,250 ($15.70) price objective on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 18.60% from the stock’s current price.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,330 ($16.71) price target on shares of National Grid in a research note on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,212 ($15.22).

National Grid Trading Up 0.5 %

Shares of National Grid stock traded up GBX 5.50 ($0.07) on Tuesday, reaching GBX 1,054 ($13.24). 4,464,759 shares of the company’s stock were exchanged. The company has a market capitalization of £39.21 billion, a P/E ratio of 1,527.54, a price-to-earnings-growth ratio of 3.26 and a beta of 0.29. National Grid has a 52 week low of GBX 918 ($11.53) and a 52 week high of GBX 1,181 ($14.83). The company has a debt-to-equity ratio of 156.83, a quick ratio of 0.34 and a current ratio of 0.93. The firm’s 50-day moving average is GBX 1,044.48 and its two-hundred day moving average is GBX 1,032.37.

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.