National Grid plc (NG.L) - What Are Brokerages Thinking About This Stock?

Key Points

• Analyst consensus is “Hold”: Of six covering firms, three recommend holding, two recommend buying, and one recommends selling. The average 12-month price target is GBX 1,316.33, with Jefferies maintaining a GBX 1,300 target.
• National Grid opened at GBX 1,254.50, with a market capitalization of approximately £61.59 billion and a P/E ratio of 20.61. Its debt-to-equity ratio is high at 118.97.
• Insider activity was mixed: Insider Zoe Yujnovich sold 66,930 shares for roughly £773,711, while insiders collectively own just 0.18% of the company.

Shares of National Grid plc (LON:NG - Get Free Report) have earned an average rating of "Hold" from the six ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 1,316.33.

Separately, Jefferies Financial Group reiterated a "hold" rating and issued a GBX 1,300 price target on shares of National Grid in a research report on Tuesday, October 6th.

National Grid Price Performance

Shares of LON:NG opened at GBX 1,254.50 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.34 and a debt-to-equity ratio of 118.97. The firm has a market cap of £61.59 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 2.06 and a beta of 0.59. The business has a fifty day simple moving average of GBX 1,164.95 and a 200 day simple moving average of GBX 1,236.26. National Grid has a 1 year low of GBX 645 and a 1 year high of GBX 1,145.50.

Insider Activity

In related 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 transaction of £773,710.80. Insiders have purchased a total of 38 shares of company stock valued at $44,224 in the last 90 days. Corporate insiders own 0.18% of the company's stock.

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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