Brokerages Set National Grid plc (LON:NG) Price Target at GBX 1,299.71

Shares of National Grid plc (LON:NG) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 1,299.71.

Several research analysts have recently weighed in on NG shares. Citigroup upped their price objective on National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 1,375 target price on shares of National Grid in a research report on Thursday, July 2nd. JPMorgan Chase & Co. cut 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. Jefferies Financial Group reduced their price target on National Grid from GBX 1,410 to GBX 1,300 and set a “hold” rating for the company in a research report on Monday, August 3rd. Finally, UBS Group reaffirmed a “sell” rating and set a GBX 1,160 price target on shares of National Grid in a research note on Monday, May 11th.

Insiders Place Their Bets

In other National Grid news, insider Zoe Yujnovich bought 24,797 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of GBX 1,203 per share, with a total value of £298,307.91. Also, insider Andrew Agg purchased 16,602 shares of the stock in a transaction on Monday, June 15th. The stock was acquired at an average price of GBX 1,203 per share, for a total transaction of £199,722.06. In the last ninety days, insiders purchased 41,436 shares of company stock valued at $49,847,884. 0.18% of the stock is owned by insiders.

National Grid Price Performance

NG stock opened at GBX 1,185.50 on Wednesday. The stock has a 50-day moving average price of GBX 1,216.57 and a two-hundred day moving average price of GBX 1,265.19. National Grid has a 1 year low of GBX 645 and a 1 year high of GBX 1,145.50. The stock has a market cap of £58.20 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59. The company has a current ratio of 0.76, a quick ratio of 0.34 and a debt-to-equity ratio of 118.97.

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.