Insider Buying: National Grid (LON:NG) Insider Acquires £151.08 in Stock

National Grid plc (LON:NG) insider Andrew Agg purchased 12 shares of the stock in a transaction dated Monday, November 9th. The shares were acquired at an average price of GBX 1,259 per share, with a total value of £151.08.

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

• On Wednesday, October 7th, Andrew Agg purchased 13 shares of National Grid stock. The stock was bought at an average cost of GBX 1,137 per share, for a total transaction of £147.81.
• On Monday, September 7th, Andrew Agg purchased 13 shares of National Grid stock. The stock was bought at an average cost of GBX 1,159 per share, with a total value of £150.67.

National Grid Stock Up 0.1%

NG opened at GBX 1,248 on Friday. National Grid plc has a 1-year low of GBX 645 and a 1-year high of GBX 1,145.50. The stock has a market cap of £61.27 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59. The stock’s fifty day simple moving average is GBX 1,179.71 and its 200 day simple moving average is GBX 1,239.51. The company has a current ratio of 0.62, a quick ratio of 0.34 and a debt-to-equity ratio of 132.25.

National Grid (LON:NG) last issued its quarterly earnings data on Thursday, November 5th. The company reported GBX 36.50 earnings per share for the quarter. National Grid had a return on equity of 10.03% and a net margin of 21.15%. The business had revenue of GBX 813.80 billion for the quarter. As a group, research analysts expect that National Grid plc will post 66.99 earnings per share for the current year.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,300 target price on shares of National Grid in a research report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 1,316.33.

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.