National Grid (LON:NG) Insider Acquires 13 Shares

National Grid plc (LON:NG) insider Andrew Agg bought 13 shares of the business’s stock in a transaction dated 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 bought 16,602 shares of National Grid stock. The stock was purchased at an average price of GBX 1,203 per share, with a total value of £199,722.06.
• On Monday, June 8th, Andrew Agg purchased 12 shares of National Grid stock. The shares were purchased at an average cost of GBX 1,209 per share, for a total transaction of £145.08.
• On Thursday, May 7th, Andrew Agg purchased 12 shares of National Grid stock. The shares were purchased at an average price of GBX 1,284 per share, for a total transaction of £154.08.

National Grid Stock Performance

NG traded up GBX 16.50 on Wednesday, reaching GBX 1,247.50. The stock had a trading volume of 16,319,848 shares. The business’s 50-day moving average price is GBX 1,243.09 and its two-hundred day moving average price is GBX 1,256.77. The company has a market cap of £61.25 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 2.06 and a beta of 0.60. 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 current ratio of 0.76, a quick ratio of 0.34 and a debt-to-equity ratio of 118.97.

National Grid (LON:NG) last posted its earnings results on Thursday, May 14th. The company reported GBX 78 earnings per share (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 for the quarter. Sell-side analysts forecast that National Grid plc will post 66.9851952 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NG. JPMorgan Chase & Co. reduced their target price 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 boosted their price target on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating on the stock in a report on Wednesday, April 1st. UBS Group reiterated a “sell” rating and issued a GBX 1,160 target price on shares of National Grid in a research report on Monday, May 11th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 1,375 target price on shares of National Grid in a research note on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.