National Grid plc (NG.L) – What Are Investment Firms Saying About This Stock?

National Grid plc (LON:NG) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,299.71.

A number of equities research analysts have commented on NG shares. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 1,375 price objective on shares of National Grid in a research report on Thursday, July 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,300 target price on shares of National Grid in a report on Tuesday, October 6th.

National Grid Stock Up 1.5%

LON:NG opened at GBX 1,164.50 on Thursday. The firm has a market capitalization of £57.17 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 2.06 and a beta of 0.59. National Grid has a 1-year low of GBX 645 and a 1-year high of GBX 1,145.50. 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 business’s fifty day moving average price is GBX 1,159.24 and its 200 day moving average price is GBX 1,219.40.

Insider Activity at National Grid

In related news, insider Zoe Yujnovich sold 66,930 shares of the business’s stock in a transaction that occurred 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 purchased 38 shares of company stock worth $44,224 in the last ninety days. Company insiders own 0.18% of the company’s stock.

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.