National Grid (LON:NG) Earns Sector Perform Rating from Royal Bank Of Canada

National Grid (LON:NG)‘s stock had its “sector perform” rating reiterated by stock analysts at Royal Bank Of Canada in a report released on Thursday,London Stock Exchange reports. They presently have a GBX 1,375 price objective on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 13.54% from the company’s current price.

Several other research firms also recently issued reports on NG. UBS Group restated a “sell” rating and issued a GBX 1,160 price objective on shares of National Grid in a research note on Monday, May 11th. Citigroup boosted their target price 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. JPMorgan Chase & Co. cut their target price on shares of National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 1,410 price objective on shares of National Grid in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,315.43.

National Grid Stock Down 3.0%

NG stock opened at GBX 1,211 on Thursday. 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 twelve month low of GBX 645 and a twelve month high of GBX 1,145.50. The company’s 50 day moving average is GBX 1,246.61 and its two-hundred day moving average is GBX 1,253.71. The stock has a market cap of £59.46 billion, a P/E ratio of 19.90, a PEG ratio of 2.06 and a beta of 0.60.

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

Insider Activity

In related news, insider Andrew Agg purchased 16,602 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of GBX 1,203 per share, for a total transaction of £199,722.06. Also, insider Jacqui Ferguson acquired 1,936 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of GBX 1,281 per share, for a total transaction of £24,800.16. Over the last 90 days, insiders have purchased 43,359 shares of company stock valued at $52,312,929. Company insiders own 0.18% of the company’s stock.

About National Grid

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.