National Grid (LON:NG) Stock Price Up 0.3% – Should You Buy?

Shares of National Grid plc (LON:NG) shot up 0.3% during mid-day trading on Tuesday . The stock traded as high as GBX 1,145 and last traded at GBX 1,141. 4,670,284 shares changed hands during mid-day trading, The stock had previously closed at GBX 1,137.50.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NG shares. JPMorgan Chase & Co. upped their price objective on shares of National Grid from GBX 1,225 to GBX 1,250 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Barclays restated an “overweight” rating and issued a GBX 1,200 target price on shares of National Grid in a research report on Thursday, October 16th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 1,225.

National Grid Trading Up 0.3%

The company has a market cap of £56.02 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. 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’s 50-day moving average price is GBX 1,144.30 and its 200-day moving average price is GBX 1,087.83.

Insider Transactions at National Grid

In related news, insider Iain Mackay bought 4,500 shares of the company’s stock in a transaction on Monday, November 17th. The shares were purchased at an average price of GBX 1,174 per share, for a total transaction of £52,830. Over the last quarter, insiders have acquired 4,566 shares of company stock worth $5,357,209. Insiders own 0.18% of the company’s stock.

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.