National Grid plc (LON:NG) Given Consensus Rating of “Hold” by Analysts

National Grid plc (LON:NG – Get Free Report) has been given a consensus rating of “Hold” by the seven research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 1,299.71.

NG has been the subject of several analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 1,375 target price on shares of National Grid in a research note on Thursday, July 2nd. Citigroup boosted their price target 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. JPMorgan Chase & Co. decreased their price target on National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating for the company in a report on Thursday, May 7th. Jefferies Financial Group lowered their price objective on shares of 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 reiterated a “sell” rating and set a GBX 1,160 price objective on shares of National Grid in a research note on Monday, May 11th.

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Insider Activity

In other news, insider Andrew Agg purchased 16,602 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of GBX 1,203 per share, with a total value of £199,722.06. Also, insider Jacqui Ferguson acquired 1,936 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of GBX 1,281 per share, for a total transaction of £24,800.16. Over the last three months, insiders bought 43,372 shares of company stock worth $52,327,900. 0.18% of the stock is currently owned by company insiders.

National Grid Trading Up 1.8%

LON:NG opened at GBX 1,211 on Wednesday. The business’s 50-day moving average is GBX 1,218.73 and its two-hundred day moving average is GBX 1,267.12. The company has a debt-to-equity ratio of 118.97, a current ratio of 0.76 and a quick ratio of 0.34. National Grid has a 12 month low of GBX 645 and a 12 month high of GBX 1,145.50. The firm has a market capitalization of £59.46 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59.

About National Grid

(Get Free Report)

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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