National Grid plc (LON:NG) Receives Consensus Recommendation of “Hold” from Analysts

National Grid plc (LON:NG) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,315.43.

A number of brokerages have recently issued reports on NG. JPMorgan Chase & Co. cut 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. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,410 price target on shares of National Grid in a research note on Thursday, July 2nd. Citigroup upped their price objective on National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. UBS Group reiterated a “sell” rating and issued a GBX 1,160 price objective on shares of National Grid in a research report on Monday, May 11th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 1,375 target price on shares of National Grid in a report on Thursday, July 2nd.

Insider Transactions at National Grid

In related news, insider Zoe Yujnovich acquired 24,797 shares of National Grid stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of GBX 1,203 per share, for a total transaction of £298,307.91. Also, insider Andrew Agg acquired 16,602 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average cost of GBX 1,203 per share, for a total transaction of £199,722.06. Insiders have purchased a total of 43,372 shares of company stock valued at $52,328,932 in the last ninety days. 0.18% of the stock is currently owned by company insiders.

National Grid Trading Up 0.5%

Shares of National Grid stock opened at GBX 1,190 on Friday. The firm has a market cap of £58.42 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 2.06 and a beta of 0.60. National Grid has a 52-week low of GBX 645 and a 52-week high of GBX 1,145.50. The company’s 50-day simple moving average is GBX 1,227.57 and its 200-day simple moving average is GBX 1,266.49. The company has a quick ratio of 0.34, a current ratio of 0.76 and a debt-to-equity ratio of 118.97.

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

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.