National Grid plc (LON:NG – Get Free Report) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 1,235.95 and traded as high as GBX 1,244.50. National Grid shares last traded at GBX 1,237.50, with a volume of 6,235,370 shares changing hands.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 1,300 price target on shares of National Grid in a report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, National Grid currently has a consensus rating of “Hold” and a consensus price target of GBX 1,316.33.
Read Our Latest Analysis on National Grid
National Grid Price Performance
The company’s 50-day simple moving average is GBX 1,164.95 and its 200 day simple moving average is GBX 1,236.26. The company has a market capitalization of £61.59 billion, a P/E ratio of 20.61, a P/E/G ratio of 2.06 and a beta of 0.59. The company has a quick ratio of 0.34, a current ratio of 0.76 and a debt-to-equity ratio of 118.97.
Insider Buying and Selling at National Grid
In related news, insider Zoe Yujnovich sold 66,930 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of GBX 1,156, for a total transaction of £773,710.80. Over the last 90 days, insiders have bought 38 shares of company stock valued at $44,224. 0.18% of the stock is currently owned by corporate insiders.
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.
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