National Grid (LON:NG) Insider Andrew Agg Buys 13 Shares

Key Points

• National Grid insider Andrew Agg purchased 13 shares at GBX 1,159 each, totaling £150.67. This follows several earlier purchases, including 16,602 shares acquired in June for approximately £199,722.
• National Grid shares fell 0.2% to GBX 1,149 during midday trading, with the company valued at approximately £56.41 billion.
• Analysts maintain a generally cautious view: the stock has an average “Hold” rating and a consensus price target of GBX 1,299.71, despite three Buy ratings, three Holds, and one Sell rating.

National Grid plc (LON:NG - Get Free Report) insider Andrew Agg purchased 13 shares of the company's stock in a transaction dated Monday, September 7th. The stock was purchased at an average cost of GBX 1,159 per share, with a total value of £150.67.

Andrew Agg also recently made the following trade(s):

• On Friday, August 7th, Andrew Agg purchased 12 shares of National Grid stock. The shares were purchased at an average cost of GBX 1,198 per share, for a total transaction of £143.76.
• On Tuesday, July 7th, Andrew Agg purchased 13 shares of National Grid stock. The shares were purchased at an average cost of GBX 1,231 per share, for a total transaction of £160.03.
• On Monday, June 15th, Andrew Agg acquired 16,602 shares of National Grid stock. The stock was acquired at an average price of GBX 1,203 per share, with a total value of £199,722.06.

National Grid Trading Down 0.2%

NG stock traded down GBX 2 during midday trading on Tuesday, hitting GBX 1,149. 4,737,168 shares of the company's stock were exchanged. National Grid plc has a 1-year low of GBX 645 and a 1-year high of GBX 1,145.50. 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 stock has a market capitalization of £56.41 billion, a PE ratio of 18.88, a P/E/G ratio of 2.06 and a beta of 0.59. The business has a 50-day simple moving average of GBX 1,205.53 and a two-hundred day simple moving average of GBX 1,255.56.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NG. Jefferies Financial Group lowered 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 note on Monday, August 3rd. 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. Finally, UBS Group reiterated a "sell" rating and issued a GBX 1,160 target price on shares of National Grid in a report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of GBX 1,299.71.

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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