National Grid (LON:NG) Shares Up 1.1% – Still a Buy?

National Grid plc (LON:NG) traded up 1.1% on Monday. The company traded as high as GBX 1,156.50 and last traded at GBX 1,146.50. 6,958,460 shares traded hands during mid-day trading, The stock had previously closed at GBX 1,134.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,300 target price on shares of National Grid in a research note on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 1,375 price objective on shares of National Grid in a research report on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 1,299.71.

National Grid Price Performance

The company has a market cap of £56.51 billion, a P/E ratio of 18.91, a P/E/G ratio of 2.06 and a beta of 0.59. The company’s 50-day moving average price is GBX 1,163.44 and its two-hundred day moving average price is GBX 1,222.47. The company has a current ratio of 0.76, a quick ratio of 0.34 and a debt-to-equity ratio of 118.97.

Insider Buying and Selling

In other news, insider Zoe Yujnovich sold 66,930 shares of National Grid stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of GBX 1,156, for a total value of £773,710.80. 0.18% of the stock is currently owned by corporate insiders.

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.