Insider Selling: National Grid (LON:NG) Insider Sells £773,710.80 in Stock

Key Points

• National Grid insider Zoe Yujnovich sold 66,930 shares at GBX 1,156 each on September 1, generating proceeds of approximately £773,711. She had purchased 24,797 shares in June for about £298,308.
• National Grid shares fell GBX 6 to GBX 1,164 in midday trading, with the company valued at approximately £57.15 billion. The stock trades below its 50-day and 200-day moving averages.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and an average price target of GBX 1,299.71; ratings range from “Sell” to “Overweight.”

National Grid plc (LON:NG - Get Free Report) insider Zoe Yujnovich sold 66,930 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of GBX 1,156, for a total transaction of £773,710.80.

Zoe Yujnovich also recently made the following trade(s):

• On Monday, June 15th, Zoe Yujnovich purchased 24,797 shares of National Grid stock. The shares were bought at an average cost of GBX 1,203 per share, for a total transaction of £298,307.91.

National Grid Stock Performance

National Grid stock traded down GBX 6 during midday trading on Wednesday, hitting GBX 1,164. 9,109,539 shares of the company were exchanged. The business has a fifty day simple moving average of GBX 1,212.66 and a two-hundred day simple moving average of GBX 1,261.28. 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 firm has a market capitalization of £57.15 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59. National Grid plc has a fifty-two week low of GBX 645 and a fifty-two week high of GBX 1,145.50.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NG shares. UBS Group restated a "sell" rating and set a GBX 1,160 target price on shares of National Grid in a research report on Monday, May 11th. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 1,375 price objective on shares of National Grid in a report on Thursday, July 2nd. JPMorgan Chase & Co. cut 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. Finally, Jefferies Financial Group lowered their price target on shares of National Grid from GBX 1,410 to GBX 1,300 and set a "hold" rating on the stock in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of GBX 1,299.71.

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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