National Grid plc (LON:NG – Get Free Report) announced a dividend on Thursday, November 9th, Upcoming.Co.Uk reports. Investors of record on Thursday, November 23rd will be given a dividend of GBX 19.40 ($0.24) per share on Thursday, January 11th. This represents a yield of 2%. The ex-dividend date of this dividend is Thursday, November 23rd. The official announcement can be viewed at this link.
National Grid Price Performance
Shares of LON NG opened at GBX 1,020.50 ($12.77) on Tuesday. National Grid has a twelve month low of GBX 918 ($11.49) and a twelve month high of GBX 1,229.20 ($15.38). The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 156.83. The company has a market capitalization of £37.66 billion, a price-to-earnings ratio of 1,472.46, a PEG ratio of 3.45 and a beta of 0.32. The firm has a 50-day moving average of GBX 983.98 and a two-hundred day moving average of GBX 1,018.69.
Analyst Ratings Changes
A number of brokerages have weighed in on NG. Barclays started coverage on shares of National Grid in a report on Thursday, September 28th. They issued an “overweight” rating and a GBX 1,300 ($16.26) price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 1,250 ($15.64) price objective on shares of National Grid in a research note on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,155 ($14.45).
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.
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