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

Royal Bank of Canada restated their outperform rating on shares of National Grid (LON:NG) in a research note released on Tuesday, Marketbeat reports. They currently have a GBX 1,125 ($14.27) price target on the stock.

Separately, Jefferies Financial Group reissued a buy rating and issued a GBX 1,330 ($16.87) price target on shares of National Grid in a report on Friday, April 19th.

National Grid Price Performance

Shares of LON NG opened at GBX 882.60 ($11.20) on Tuesday. The firm has a market cap of £42.45 billion, a PE ratio of 1,465.67, a PEG ratio of 2.78 and a beta of 0.29. The firm has a fifty day moving average of GBX 983.42 and a 200 day moving average of GBX 1,024.19. The company has a debt-to-equity ratio of 161.24, a quick ratio of 0.34 and a current ratio of 0.91. National Grid has a one year low of GBX 889.40 ($11.28) and a one year high of GBX 1,145.50 ($14.53).

National Grid Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, June 6th will be issued a dividend of GBX 39.12 ($0.50) per share. This is a positive change from National Grid’s previous dividend of $19.40. The ex-dividend date is Thursday, June 6th. This represents a dividend yield of 3.47%. National Grid’s dividend payout ratio is presently 9,833.33%.

National Grid Company Profile

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.