Jacqui Ferguson Buys 1,936 Shares of National Grid (LON:NG) Stock

National Grid plc (LON:NG) insider Jacqui Ferguson acquired 1,936 shares of the stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of GBX 1,281 per share, with a total value of £24,800.16.

National Grid Stock Up 1.9%

Shares of NG stock traded up GBX 24 during trading hours on Friday, reaching GBX 1,279. 12,954,740 shares of the stock were exchanged. The business’s fifty day moving average is GBX 1,290.48 and its two-hundred day moving average is GBX 1,237.76. The firm has a market capitalization of £62.79 billion, a P/E ratio of 21.01, a P/E/G ratio of 2.06 and a beta of 0.62. National Grid plc has a 12-month low of GBX 645 and a 12-month high of GBX 1,145.50. The company has a debt-to-equity ratio of 118.97, a current ratio of 0.76 and a quick ratio of 0.34.

National Grid (LON:NG) last issued its quarterly earnings results on Thursday, May 14th. The company reported GBX 78 earnings per share (EPS) for the quarter. National Grid had a net margin of 18.32% and a return on equity of 8.47%. The company had revenue of GBX 1,768.70 billion during the quarter. As a group, research analysts expect that National Grid plc will post 66.9851952 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NG. JPMorgan Chase & Co. lowered their price target on National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating for the company in a report on Thursday, May 7th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,410 price target on shares of National Grid in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Citigroup upped their target price on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, UBS Group reaffirmed a “sell” rating and issued a GBX 1,160 target price on shares of National Grid in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 1,305.50.

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. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales.