National Grid (LON:NG) Stock Price Up 0.3% – Time to Buy?

National Grid plc (LON:NG)’s stock price traded up 0.3% during mid-day trading on Tuesday . The stock traded as high as GBX 1,145 and last traded at GBX 1,141. 4,670,284 shares traded hands during trading, The stock had previously closed at GBX 1,137.50.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NG shares. JPMorgan Chase & Co. raised their price target on National Grid from GBX 1,225 to GBX 1,250 and gave the company an “overweight” rating in a report on Friday, December 5th. Barclays restated an “overweight” rating and issued a GBX 1,200 price objective on shares of National Grid in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, National Grid presently has a consensus rating of “Buy” and a consensus price target of GBX 1,225.

National Grid Stock Up 0.3%

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 stock has a 50-day simple moving average of GBX 1,144.30 and a two-hundred day simple moving average of GBX 1,087.83. The firm has a market cap of £56.02 billion, a PE ratio of 18.75, a P/E/G ratio of 2.06 and a beta of 0.25.

Insider Buying and Selling at National Grid

In other news, insider Iain Mackay acquired 4,500 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average cost of GBX 1,174 per share, with a total value of £52,830. Over the last 90 days, insiders bought 4,566 shares of company stock worth $5,357,209. 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.