John Pettigrew Acquires 13 Shares of National Grid (LON:NG) Stock

National Grid plc (LON:NG) insider John Pettigrew purchased 13 shares of National Grid stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of GBX 1,159 per share, with a total value of £150.67.

John Pettigrew also recently made the following trade(s):

• On Tuesday, October 7th, John Pettigrew bought 13 shares of National Grid stock. The stock was purchased at an average price of GBX 1,084 per share, for a total transaction of £140.92.
• On Monday, September 8th, John Pettigrew bought 15 shares of National Grid stock. The shares were purchased at an average cost of GBX 1,033 per share, with a total value of £154.95.

National Grid Stock Performance

NG stock traded up GBX 10 during mid-day trading on Monday, reaching GBX 1,170.50. 17,675,799 shares of the stock traded hands. The firm has a market capitalization of £57.47 billion, a PE ratio of 19.23, a P/E/G ratio of 2.06 and a beta of 0.25. The business has a 50-day moving average of GBX 1,083.50 and a two-hundred day moving average of GBX 1,066.19. National Grid plc has a 52 week low of GBX 645 and a 52 week high of GBX 1,145.50. The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 157.61.

Analyst Ratings Changes

Several research analysts have commented on NG shares. Barclays reaffirmed an “overweight” rating and issued a GBX 1,200 price target on shares of National Grid in a research report on Thursday, October 16th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of National Grid in a research note on Friday, October 3rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 1,200.

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.