National Grid plc (LON:NG) Receives Average Recommendation of “Hold” from Analysts

Shares of National Grid plc (LON:NG) have been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 1,315.43.

NG has been the topic of a number of recent research reports. Royal Bank Of Canada dropped their target price on National Grid from GBX 1,400 to GBX 1,375 and set a “sector perform” rating on the stock in a report on Monday. Citigroup boosted their target price on National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a report on Tuesday, April 28th. UBS Group reissued a “sell” rating and issued a GBX 1,160 target price on shares of National Grid in a report on Monday, May 11th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,410 target price on shares of National Grid in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating on the stock in a report on Wednesday, April 1st.

Insider Buying and Selling at National Grid

In other National Grid news, insider Jacqui Ferguson purchased 1,936 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of GBX 1,281 per share, for a total transaction of £24,800.16. 0.18% of the stock is currently owned by company insiders.

National Grid Trading Up 0.9%

LON:NG opened at GBX 1,198.50 on Friday. The firm has a market cap of £58.84 billion, a P/E ratio of 19.69, a PEG ratio of 2.06 and a beta of 0.62. 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 stock’s 50 day simple moving average is GBX 1,274.78 and its 200-day simple moving average is GBX 1,243.43. National Grid has a 12-month low of GBX 645 and a 12-month high of GBX 1,145.50.

National Grid (LON:NG) last released its earnings results on Thursday, May 14th. The company reported GBX 78 earnings per share (EPS) for the quarter. The business had revenue of GBX 1,768.70 billion for the quarter. National Grid had a return on equity of 8.47% and a net margin of 18.32%. Equities analysts anticipate that National Grid will post 66.9851952 EPS for the current year.

About National Grid

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.