John Pettigrew Purchases 13 Shares of National Grid (LON:NG) Stock

Key Points

• Insider John Pettigrew purchased 13 shares of National Grid (LON:NG) at an average cost of GBX 1,084 per share, totaling £140.92, on October 7th.
• JPMorgan Chase & Co. reissued an "overweight" rating for National Grid, with an average consensus price target of GBX 1,070.
• National Grid's stock is currently trading at GBX 1,092.50, reflecting an increase of 1.0% in mid-day trading.

National Grid plc (LON:NG - Get Free Report) insider John Pettigrew purchased 13 shares of the business's stock in a transaction on Tuesday, October 7th. The shares were bought at an average cost of GBX 1,084 per share, for a total transaction of £140.92.

John Pettigrew also recently made the following trade(s):

• On Monday, September 8th, John Pettigrew bought 15 shares of National Grid stock. The stock was acquired at an average cost of GBX 1,033 per share, for a total transaction of £154.95.

National Grid Trading Up 1.0%

Shares of NG stock traded up GBX 11 during mid-day trading on Wednesday, reaching GBX 1,092.50. The company's stock had a trading volume of 10,706,720 shares. The company's 50 day simple moving average is GBX 1,049.34 and its 200-day simple moving average is GBX 1,045.95. National Grid plc has a 12-month low of GBX 645 and a 12-month high of GBX 1,145.50. The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 157.61. The firm has a market capitalization of £53.64 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued an "overweight" rating on shares of National Grid in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, National Grid has an average rating of "Moderate Buy" and a consensus price target of GBX 1,070.

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.

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