Insider Buying: National Grid plc (NG) Insider Purchases 6,500 Shares of Stock

National Grid plc (LON:NG) insider Peter Gershon acquired 6,500 shares of the stock in a transaction on Tuesday, February 13th. The shares were purchased at an average cost of GBX 743 ($10.27) per share, with a total value of £48,295 ($66,724.23).

Shares of National Grid plc (LON NG) opened at GBX 736.80 ($10.18) on Wednesday. National Grid plc has a twelve month low of GBX 736.80 ($10.18) and a twelve month high of GBX 1,097 ($15.16). The company has a market capitalization of $24,890.00 and a PE ratio of 1,535.00.

Several equities analysts have commented on NG shares. Goldman Sachs Group set a GBX 877 ($12.12) price objective on National Grid and gave the company a “neutral” rating in a research report on Friday, January 26th. Bank of America set a GBX 1,140 ($15.75) price target on National Grid and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Deutsche Bank reaffirmed a “sell” rating and issued a GBX 900 ($12.43) price target on shares of National Grid in a research report on Monday, November 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of National Grid in a research report on Tuesday, October 31st. Finally, Macquarie reaffirmed a “neutral” rating and issued a GBX 975 ($13.47) price target on shares of National Grid in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 970.94 ($13.41).

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About National Grid

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

Insider Buying and Selling by Quarter for National Grid (LON:NG)

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