National Grid plc (LON:NG) Stock Has Average Target Price of GBX 1,299.71 According to Analysts

National Grid plc (LON:NG) has earned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 1,299.71.

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 1,375 price objective on shares of National Grid in a report on Thursday, July 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,300 target price on shares of National Grid in a research note on Tuesday, October 6th.

National Grid Stock Down 0.5%

Shares of National Grid stock opened at GBX 1,147 on Thursday. National Grid has a 12-month low of GBX 645 and a 12-month high of GBX 1,145.50. The company has a quick ratio of 0.34, a current ratio of 0.76 and a debt-to-equity ratio of 118.97. The stock has a 50 day moving average price of GBX 1,160.10 and a two-hundred day moving average price of GBX 1,219.94. The stock has a market capitalization of £56.31 billion, a P/E ratio of 18.84, a PEG ratio of 2.06 and a beta of 0.59.

Insider Buying and Selling

In other National Grid news, insider Zoe Yujnovich sold 66,930 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of GBX 1,156, for a total value of £773,710.80. Over the last ninety days, insiders purchased 38 shares of company stock valued at $44,224. Corporate 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.