National Grid plc (LON:NG) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts have a consensus “Hold” rating on National Grid, with three buy, three hold, and one sell recommendation. The average 12-month price target is GBX 1,299.71.
• Recent broker actions were mixed: JPMorgan maintained an overweight rating with a GBX 1,440 target, while UBS reiterated a sell rating with a GBX 1,160 target; Jefferies downgraded its target to GBX 1,300 and kept a hold rating.
• Insiders purchased 43,372 shares worth approximately £52.3 million over the past three months, while corporate insiders own 0.18% of the company.

National Grid plc (LON:NG - Get Free Report) has been given a consensus recommendation of "Hold" by the seven research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 1,299.71.

A number of equities analysts have weighed in on NG shares. JPMorgan Chase & Co. cut 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 note on Thursday, May 7th. Citigroup boosted their price objective on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the company a "neutral" rating in a research note on Tuesday, April 28th. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 1,375 price objective on shares of National Grid in a report on Thursday, July 2nd. 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. Finally, Jefferies Financial Group lowered their price target on 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.

Insider Activity

In other National Grid news, insider Andrew Agg bought 16,602 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of GBX 1,203 per share, with a total value of £199,722.06. Also, insider Zoe Yujnovich purchased 24,797 shares of the business's stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of GBX 1,203 per share, for a total transaction of £298,307.91. Insiders have bought 43,372 shares of company stock valued at $52,327,900 in the last three months. Corporate insiders own 0.18% of the company's stock.

National Grid Price Performance

NG opened at GBX 1,211 on Wednesday. National Grid has a 1 year low of GBX 645 and a 1 year high of GBX 1,145.50. The company's 50 day simple moving average is GBX 1,218.73 and its 200 day simple moving average is GBX 1,267.12. The stock has a market capitalization of £59.46 billion, a PE ratio of 19.90, a P/E/G ratio of 2.06 and a beta of 0.59. The company has a debt-to-equity ratio of 118.97, a quick ratio of 0.34 and a current ratio of 0.76.

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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