National Grid plc (LON:NG – Get Rating) shares shot up 1.8% on Thursday . The company traded as high as GBX 1,043 ($12.60) and last traded at GBX 1,037 ($12.53). 9,816,982 shares traded hands during mid-day trading, The stock had previously closed at GBX 1,019 ($12.31).

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded National Grid to a "hold" rating and upped their target price for the stock from GBX 1,060 ($12.81) to GBX 1,070 ($12.93) in a research report on Thursday, June 30th.

National Grid Stock Down 1.0 %

The stock has a market cap of £37.59 billion and a PE ratio of 1,728.33. The company has a quick ratio of 0.27, a current ratio of 0.73 and a debt-to-equity ratio of 194.74. The business has a 50-day moving average of GBX 1,109.30.

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, and New York segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.

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