National Grid (LON:NG) Price Target Raised to GBX 1,250

National Grid (LON:NG) had its target price raised by JPMorgan Chase & Co. from GBX 1,225 to GBX 1,250 in a research report released on Friday, Marketbeat Ratings reports. The firm currently has an overweight rating on the stock.

Separately, Barclays reaffirmed an “overweight” rating and set a GBX 1,200 price objective on shares of National Grid in a report on Thursday, October 16th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 1,225.

National Grid Stock Performance

NG opened at GBX 1,134.50 on Friday. The stock’s 50 day moving average price is GBX 1,130.63 and its two-hundred day moving average price is GBX 1,078.69. National Grid has a 12-month low of GBX 645 and a 12-month high of GBX 1,145.50. The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 157.61. The firm has a market capitalization of £55.70 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25.

Insider Buying and Selling

In other National Grid news, insider Iain Mackay purchased 4,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was bought at an average cost of GBX 1,174 per share, with a total value of £52,830. In the last quarter, insiders purchased 4,553 shares of company stock valued at $5,342,402. 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.