National Grid plc (LON:NG) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts remain divided on National Grid: Seven analysts give the stock an average “Hold” rating, with three buys, three holds, and one sell. The average 12-month price target is GBX 1,299.71.
• Jefferies lowered its price target from GBX 1,410 to GBX 1,300 while maintaining a “Hold” rating; RBC reiterated its “Sector Perform” rating with a GBX 1,375 target.
• National Grid shares opened at GBX 1,130.50, near their 52-week high of GBX 1,145.50. Recent insider activity included purchases by Andrew Agg and a sale by Zoe Yujnovich, while insiders collectively own 0.18% of the company.

National Grid plc (LON:NG - Get Free Report) has received an average rating of "Hold" from the seven analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 1,299.71.

A number of equities research analysts have recently commented on NG shares. Jefferies Financial Group reduced their target price 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. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 1,375 price target on shares of National Grid in a research report on Thursday, July 2nd.

Insider Buying and Selling

In related news, insider Andrew Agg bought 16,602 shares of the stock in a transaction dated Monday, June 15th. The shares were acquired at an average cost of GBX 1,203 per share, for a total transaction of £199,722.06. Also, insider Zoe Yujnovich sold 66,930 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of GBX 1,156, for a total value of £773,710.80. Insiders acquired a total of 41,437 shares of company stock worth $49,848,443 over the last three months. Corporate insiders own 0.18% of the company's stock.

National Grid Trading Up 0.2%

Shares of NG stock opened at GBX 1,130.50 on Friday. National Grid has a fifty-two week low of GBX 645 and a fifty-two week high of GBX 1,145.50. The company has a debt-to-equity ratio of 118.97, a quick ratio of 0.34 and a current ratio of 0.76. The stock's fifty day moving average is GBX 1,197.88 and its two-hundred day moving average is GBX 1,250.23. The firm has a market capitalization of £55.50 billion, a P/E ratio of 18.57, a PEG ratio of 2.06 and a beta of 0.59.

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.

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