Andrew Agg Purchases 16,602 Shares of National Grid (LON:NG) Stock

National Grid plc (LON:NG) insider Andrew Agg purchased 16,602 shares of National Grid stock in a transaction dated Monday, June 15th. The shares were purchased at an average price of GBX 1,203 per share, with a total value of £199,722.06.

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

• On Monday, June 8th, Andrew Agg acquired 12 shares of National Grid stock. The stock was purchased at an average price of GBX 1,209 per share, for a total transaction of £145.08.
• On Thursday, May 7th, Andrew Agg acquired 12 shares of National Grid stock. The shares were acquired at an average cost of GBX 1,284 per share, for a total transaction of £154.08.

National Grid Stock Performance

LON NG remained flat at GBX 1,209 during trading on Tuesday. 11,225,331 shares of the company’s stock were exchanged. 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 company has a market capitalization of £59.36 billion, a PE ratio of 19.86, a PEG ratio of 2.06 and a beta of 0.60. 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 fifty day simple moving average of GBX 1,267.82 and a 200-day simple moving average of GBX 1,246.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. UBS Group reiterated a “sell” rating and set a GBX 1,160 price target on shares of National Grid in a research note on Monday, May 11th. JPMorgan Chase & Co. decreased 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 report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Citigroup boosted their price objective on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,410 price objective on shares of National Grid in a report on Friday, May 15th. 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 company. According to MarketBeat, National Grid currently has a consensus rating of “Hold” and a consensus target price of GBX 1,315.43.

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.