National Grid plc (LON:NG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of National Grid plc (LON:NG) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 1,315.43.

NG has been the topic of several recent analyst reports. Citigroup upped their price target on National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. UBS Group reissued a “sell” rating and set a GBX 1,160 target price on shares of National Grid in a research note on Monday, May 11th. JPMorgan Chase & Co. decreased their target price on National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft decreased their target price on National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Royal Bank Of Canada decreased their target price on National Grid from GBX 1,400 to GBX 1,375 and set a “sector perform” rating on the stock in a research note on Monday, June 1st.

Insider Buying and Selling

In other news, insider Jacqui Ferguson bought 1,936 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of GBX 1,281 per share, with a total value of £24,800.16. Also, insider Zoe Yujnovich bought 24,797 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of GBX 1,203 per share, for a total transaction of £298,307.91. In the last 90 days, insiders have bought 43,359 shares of company stock valued at $52,312,929. Corporate insiders own 0.18% of the company’s stock.

National Grid Stock Performance

Shares of National Grid stock opened at GBX 1,254.50 on Tuesday. National Grid has a 52 week low of GBX 645 and a 52 week high of GBX 1,145.50. The business’s fifty day simple moving average is GBX 1,247.80 and its 200-day simple moving average is GBX 1,251.91. The firm has a market cap of £61.59 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.06 and a beta of 0.60. The company has a quick ratio of 0.34, a current ratio of 0.76 and a debt-to-equity ratio of 118.97.

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

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