National Grid (LON:NG) Insider Andrew Agg Acquires 12 Shares of Stock

Key Points

• Insider purchase: National Grid insider Andrew Agg bought 12 shares at GBX 1,198 each, worth £143.76. This followed several earlier purchases, including 16,602 shares acquired for approximately £199,722 in June.
• Stock performance: National Grid shares rose 4 pence to GBX 1,200, giving the company a market capitalization of approximately £58.92 billion. The stock trades at a P/E ratio of 19.72 and has a consensus analyst rating of Hold.
• Analyst outlook: Analysts’ price targets range from GBX 1,160 to GBX 1,440, with a consensus target of GBX 1,299.71. Ratings include three Buys, three Holds, and one Sell.

National Grid plc (LON:NG - Get Free Report) insider Andrew Agg bought 12 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were acquired at an average cost of GBX 1,198 per share, with a total value of £143.76.

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

• On Tuesday, July 7th, Andrew Agg bought 13 shares of National Grid stock. The shares were acquired at an average price of GBX 1,231 per share, for a total transaction of £160.03.
• On Monday, June 15th, Andrew Agg purchased 16,602 shares of National Grid stock. The stock was bought at an average cost of GBX 1,203 per share, for a total transaction of £199,722.06.
• On Monday, June 8th, Andrew Agg purchased 12 shares of National Grid stock. The shares were bought at an average price of GBX 1,209 per share, with a total value of £145.08.

National Grid Stock Performance

LON NG traded up GBX 4 during trading hours on Monday, reaching GBX 1,200. 13,132,882 shares of the company were exchanged. The stock has a market capitalization of £58.92 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.06 and a beta of 0.59. The company has a quick ratio of 0.34, a current ratio of 0.76 and a debt-to-equity ratio of 118.97. National Grid plc has a 1 year low of GBX 645 and a 1 year high of GBX 1,145.50. The business's 50 day simple moving average is GBX 1,219.60 and its 200-day simple moving average is GBX 1,267.50.

National Grid (LON:NG - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported GBX 78 earnings per share (EPS) for the quarter. The company had revenue of GBX 1,768.70 billion during the quarter. National Grid had a net margin of 18.32% and a return on equity of 8.47%. On average, equities research analysts expect that National Grid plc will post 66.9851952 earnings per share for the current year.

Analyst Upgrades and Downgrades

NG has been the subject of several research reports. Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 1,375 price target on shares of National Grid in a research note on Thursday, July 2nd. Jefferies Financial Group cut 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 report on Monday, August 3rd. JPMorgan Chase & Co. lowered their price target on shares of National Grid from GBX 1,450 to GBX 1,440 and set an "overweight" rating on the stock in a research report on Thursday, May 7th. Citigroup raised their price objective on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the stock a "neutral" rating in a report on Tuesday, April 28th. Finally, UBS Group reiterated a "sell" rating and issued a GBX 1,160 price objective on shares of National Grid in a research note on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, National Grid presently 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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