John Pettigrew Buys 14 Shares of National Grid plc (LON:NG) Stock

National Grid plc (LON:NG - Get Free Report) insider John Pettigrew purchased 14 shares of the company's stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of GBX 1,089 ($13.68) per share, for a total transaction of £152.46 ($191.53).

National Grid Price Performance

NG traded up GBX 21.50 ($0.27) during trading on Wednesday, hitting GBX 1,095.50 ($13.76). 6,440,601 shares of the stock traded hands. The firm has a market cap of £40.75 billion, a P/E ratio of 1,587.68, a price-to-earnings-growth ratio of 3.37 and a beta of 0.29. The company has a debt-to-equity ratio of 156.83, a quick ratio of 0.34 and a current ratio of 0.93. The business's fifty day moving average is GBX 1,048.02 and its 200 day moving average is GBX 1,036.08.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NG. Jefferies Financial Group reiterated a "buy" rating and set a GBX 1,330 ($16.71) price target on shares of National Grid in a report on Friday, April 19th. Royal Bank of Canada reiterated an "outperform" rating and set a GBX 1,250 ($15.70) price target on shares of National Grid in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,212 ($15.23).

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. The company 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.