National Grid (LON:NG) Insider Acquires £160.03 in Stock

National Grid plc (LON:NG) insider Andrew Agg bought 13 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were purchased at an average cost of GBX 1,231 per share, with a total value of £160.03.

Andrew Agg also recently made the following trade(s):

• On Monday, June 15th, Andrew Agg purchased 16,602 shares of National Grid stock. The stock was acquired at an average price of GBX 1,203 per share, with a total value of £199,722.06.
• On Monday, June 8th, Andrew Agg bought 12 shares of National Grid stock. The shares were bought at an average price of GBX 1,209 per share, with a total value of £145.08.
• On Thursday, May 7th, Andrew Agg acquired 12 shares of National Grid stock. The shares were bought at an average price of GBX 1,284 per share, with a total value of £154.08.

National Grid Stock Up 1.3%

NG traded up GBX 16.50 on Wednesday, hitting GBX 1,247.50. The company had a trading volume of 16,319,848 shares. The stock has a fifty day moving average price of GBX 1,243.09 and a 200-day moving average price of GBX 1,256.77. National Grid plc has a 12-month low of GBX 645 and a 12-month high of GBX 1,145.50. 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 stock has a market capitalization of £61.25 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 2.06 and a beta of 0.60.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NG shares. Deutsche Bank Aktiengesellschaft reduced their target price on 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. Citigroup increased their price objective 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. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 1,375 target price on shares of National Grid in a report on Thursday, July 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,410 target price on shares of National Grid in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. cut their price target 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. Three 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 1,315.43.

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.