Royal Bank Of Canada Reiterates Sector Perform Rating for National Grid (LON:NG)

National Grid (LON:NG)‘s stock had its “sector perform” rating reissued by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They presently have a GBX 1,375 target price on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 13.54% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Citigroup boosted their target price on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,410 target price on shares of National Grid in a research report on Friday, May 15th. JPMorgan Chase & Co. dropped their target price on shares of National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating for the company in a report on Thursday, May 7th. UBS Group reiterated a “sell” rating and set a GBX 1,160 price target on shares of National Grid in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on 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. Three 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 1,315.43.

National Grid Stock Performance

Shares of 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. The stock has a 50 day simple moving average of GBX 1,246.61 and a 200-day simple moving average of GBX 1,253.71. The company has a market cap of £59.46 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 2.06 and a beta of 0.60. National Grid has a 12-month low of GBX 645 and a 12-month high of GBX 1,145.50.

National Grid (LON:NG) last posted its quarterly earnings results on Thursday, May 14th. The company reported GBX 78 earnings per share for the quarter. The firm had revenue of GBX 1,768.70 billion for the quarter. National Grid had a return on equity of 8.47% and a net margin of 18.32%. On average, equities analysts forecast that National Grid will post 66.9851952 EPS for the current year.

Insider Buying and Selling at National Grid

In other National Grid news, insider Andrew Agg bought 16,602 shares of the company’s stock in a transaction on Monday, June 15th. The stock was purchased at an average cost of GBX 1,203 per share, for a total transaction of £199,722.06. Also, insider Jacqui Ferguson purchased 1,936 shares of National Grid stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of GBX 1,281 per share, for a total transaction of £24,800.16. In the last three months, insiders acquired 43,359 shares of company stock worth $52,312,929. 0.18% of the stock is owned by corporate insiders.

National Grid Company Profile

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.