National Grid plc (LON:NG) Receives GBX 1,315.43 Average Price Target from Analysts

National Grid plc (LON:NG) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 1,315.43.

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut their target price on National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. decreased their price target on National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Citigroup raised their price target on National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a report on Tuesday, April 28th. UBS Group restated a “sell” rating and set a GBX 1,160 price objective on shares of National Grid in a research note on Monday, May 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,410 price objective on shares of National Grid in a report on Thursday, July 2nd.

National Grid Price Performance

Shares of LON:NG opened at GBX 1,237.50 on Friday. The firm’s 50 day moving average is GBX 1,231.04 and its two-hundred day moving average is GBX 1,266.24. The firm has a market capitalization of £60.76 billion, a P/E ratio of 20.33, a PEG ratio of 2.06 and a beta of 0.60. The company has a current ratio of 0.76, a quick ratio of 0.34 and a debt-to-equity ratio of 118.97. National Grid has a 52 week low of GBX 645 and a 52 week high of GBX 1,145.50.

National Grid (LON:NG) last issued its quarterly earnings data on Thursday, May 14th. The company reported GBX 78 earnings per share (EPS) for the quarter. National Grid had a return on equity of 8.47% and a net margin of 18.32%.The business had revenue of GBX 1,768.70 billion during the quarter. Analysts anticipate that National Grid will post 66.9851952 earnings per share for the current year.

Insider Buying and Selling at National Grid

In related news, insider Andrew Agg purchased 16,602 shares of the company’s stock in a transaction on Monday, June 15th. The shares were bought at an average cost of GBX 1,203 per share, for a total transaction of £199,722.06. Also, insider Jacqui Ferguson purchased 1,936 shares of National Grid stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of GBX 1,281 per share, with a total value of £24,800.16. In the last 90 days, insiders have purchased 43,372 shares of company stock valued at $52,328,932. Company 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.