National Grid (LON:NG) Stock Price Breaks Above 200 Day Moving Average - Should You Sell?

Key Points

• National Grid shares moved above their 200-day moving average, reaching GBX 1,244.50 before closing at GBX 1,237.50 on volume of roughly 6.2 million shares.
• Analysts remain broadly cautious: the stock has a consensus “Hold” rating and an average price target of GBX 1,316.33, with ratings spanning two Buys, three Holds, and one Sell.
• The company has a £61.59 billion market capitalization, while insider ownership is low at 0.18%; insider Zoe Yujnovich recently sold 66,930 shares for approximately £773,711.

National Grid plc (LON:NG - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 1,235.95 and traded as high as GBX 1,244.50. National Grid shares last traded at GBX 1,237.50, with a volume of 6,235,370 shares trading hands.

Analysts Set New Price Targets

NG has been the subject of several research analyst reports. Jefferies Financial Group reiterated a "hold" rating and set a GBX 1,300 target price on shares of National Grid in a research note on Tuesday, October 6th. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 1,375 price target on shares of National Grid in a research note on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of GBX 1,316.33.

National Grid Stock Up 1.4%

The firm has a market cap of £61.59 billion, a P/E ratio of 20.61, 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. The firm's fifty day moving average is GBX 1,163.44 and its 200 day moving average is GBX 1,235.95.

Insiders Place Their Bets

In other National Grid news, insider Zoe Yujnovich sold 66,930 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of GBX 1,156, for a total transaction of £773,710.80. Over the last quarter, insiders have bought 38 shares of company stock valued at $44,224. 0.18% of the stock is owned by corporate insiders.

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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