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

Royal Bank of Canada reissued their outperform rating on shares of National Grid (LON:NG) in a research report report published on Tuesday, MarketBeat Ratings reports. The brokerage currently has a GBX 1,125 ($14.27) price objective on the stock.

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

National Grid Stock Up 0.4 %

Shares of NG stock opened at GBX 882.60 ($11.20) on Tuesday. National Grid has a 12 month low of GBX 889.40 ($11.28) and a 12 month high of GBX 1,145.50 ($14.53). The stock has a market cap of £42.45 billion, a P/E ratio of 1,465.67, a P/E/G ratio of 2.78 and a beta of 0.29. The company has a current ratio of 0.91, a quick ratio of 0.34 and a debt-to-equity ratio of 161.24. The company has a 50 day simple moving average of GBX 983.42 and a two-hundred day simple moving average of GBX 1,024.19.

National Grid Increases Dividend

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

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.