National Grid plc (LON:NG) Receives GBX 1,299.71 Average Price Target from Brokerages

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

NG has been the subject of a number of recent research reports. Jefferies Financial Group lowered their price objective on shares of National Grid from GBX 1,410 to GBX 1,300 and set a “hold” rating for the company in a report on Monday, August 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 1,375 target price on shares of National Grid in a report on Thursday, July 2nd.

Insider Activity at National Grid

In related news, insider Zoe Yujnovich sold 66,930 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of GBX 1,156, for a total transaction of £773,710.80. Insiders have acquired 38 shares of company stock valued at $45,446 over the last quarter. 0.18% of the stock is owned by insiders.

National Grid Stock Up 2.1%

Shares of LON:NG opened at GBX 1,157.50 on Friday. National Grid has a 52-week low of GBX 645 and a 52-week high of GBX 1,145.50. The firm has a fifty day moving average of GBX 1,188.07 and a 200 day moving average of GBX 1,242.33. The firm has a market capitalization of £56.83 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59. The company has a debt-to-equity ratio of 118.97, a quick ratio of 0.34 and a current ratio of 0.76.

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.