National Grid plc (LON:NG) Given Average Rating of “Hold” by Analysts

National Grid plc (LON:NG) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 1,299.71.

Several equities analysts have weighed in on NG shares. Jefferies Financial Group decreased their target price on shares of National Grid from GBX 1,410 to GBX 1,300 and set a “hold” rating on the stock in a report on Monday, August 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 1,375 price target on shares of National Grid in a research report on Thursday, July 2nd.

Insider Activity at National Grid

In other National Grid news, insider Andrew Agg bought 16,602 shares of National Grid stock in a transaction on Monday, June 15th. The shares were bought at an average price of GBX 1,203 per share, for a total transaction of £199,722.06. Also, insider Zoe Yujnovich sold 66,930 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of GBX 1,156, for a total value of £773,710.80. Insiders purchased 41,437 shares of company stock valued at $49,848,443 over the last quarter. 0.18% of the stock is currently owned by company insiders.

National Grid Price Performance

National Grid stock opened at GBX 1,130.50 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.34 and a debt-to-equity ratio of 118.97. The company has a 50-day moving average price of GBX 1,197.88 and a 200 day moving average price of GBX 1,250.23. National Grid has a 12-month low of GBX 645 and a 12-month high of GBX 1,145.50. The stock has a market cap of £55.50 billion, a P/E ratio of 18.57, a PEG ratio of 2.06 and a beta of 0.59.

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.