National Grid (LON:NG) Price Target Raised to GBX 1,200 at Citigroup

National Grid (LON:NG) had its price objective lifted by Citigroup from GBX 1,150 to GBX 1,200 in a report issued on Monday morning, MarketBeat Ratings reports. The firm currently has a neutral rating on the stock.

Several other equities analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of National Grid from GBX 1,150 to GBX 1,250 and gave the company a “buy” rating in a report on Monday, January 19th. Barclays reiterated an “overweight” rating and issued a GBX 1,200 price objective on shares of National Grid in a research report on Thursday, October 16th. Finally, JPMorgan Chase & Co. upped their target price 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,225.

National Grid Trading Up 1.0%

LON:NG opened at GBX 1,204 on Monday. The firm has a market capitalization of £59.11 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.06 and a beta of 0.25. The business has a 50 day simple moving average of GBX 1,151.90 and a 200 day simple moving average of GBX 1,104.08. The company has a debt-to-equity ratio of 157.61, a current ratio of 0.91 and a quick ratio of 0.34. National Grid has a 12-month low of GBX 645 and a 12-month high of GBX 1,145.50.

Insider Buying and Selling

In related news, insider Iain Mackay bought 4,500 shares of the stock in a transaction on Monday, November 17th. The shares were purchased at an average price of GBX 1,174 per share, with a total value of £52,830. Over the last 90 days, insiders have bought 4,552 shares of company stock worth $5,343,320. 0.18% of the stock is currently owned by company 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.