National Grid plc (LON:NG) Insider John Pettigrew Acquires 16 Shares

National Grid plc (LON:NG) insider John Pettigrew bought 16 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were acquired at an average price of GBX 896 ($11.71) per share, for a total transaction of £143.36 ($187.33).

NG stock traded up GBX 2.50 ($0.03) during trading on Friday, reaching GBX 888.80 ($11.61). 2,491,211 shares of the stock were exchanged, compared to its average volume of 10,850,000. The firm’s 50 day moving average is GBX 886.58 and its 200 day moving average is GBX 848.33. National Grid plc has a twelve month low of GBX 744.50 ($9.73) and a twelve month high of GBX 926.70 ($12.11). The company has a current ratio of 0.87, a quick ratio of 0.58 and a debt-to-equity ratio of 153.93. The firm has a market cap of $30.93 billion and a P/E ratio of 19.97.

Several equities research analysts recently commented on the company. Royal Bank of Canada set a GBX 1,000 ($13.07) target price on National Grid and gave the company a “buy” rating in a research report on Tuesday, October 15th. Barclays reaffirmed an “overweight” rating on shares of National Grid in a research note on Wednesday, October 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of National Grid in a research note on Wednesday, October 16th. Credit Suisse Group set a GBX 970 ($12.67) price target on National Grid and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, Jefferies Financial Group upped their price target on National Grid from GBX 820 ($10.71) to GBX 880 ($11.50) and gave the stock a “hold” rating in a research note on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 932.62 ($12.19).

About National Grid

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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