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

National Grid plc (LON:NG) has earned an average rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 1,315.43.

A number of brokerages have recently issued reports on NG. UBS Group reaffirmed a “sell” rating and issued a GBX 1,160 price target on shares of National Grid in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft lowered their price target on National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,410 price target on shares of National Grid in a research note on Friday, May 15th. Citigroup lifted their price target on National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. lowered their price target on National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating on the stock in a research note on Thursday, May 7th.

Insiders Place Their Bets

In related news, insider Andrew Agg acquired 16,602 shares of the stock in a transaction on Monday, June 15th. The shares were bought at an average price of GBX 1,203 per share, with a total value of £199,722.06. Also, insider Jacqui Ferguson acquired 1,936 shares of the stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of GBX 1,281 per share, for a total transaction of £24,800.16. Over the last 90 days, insiders have purchased 43,359 shares of company stock valued at $52,312,929. Insiders own 0.18% of the company’s stock.

National Grid Stock Up 0.7%

National Grid stock opened at GBX 1,254.50 on Tuesday. The stock has a market capitalization of £61.59 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.06 and a beta of 0.60. National Grid has a 12 month low of GBX 645 and a 12 month high of GBX 1,145.50. The business has a 50 day simple moving average of GBX 1,247.80 and a 200-day simple moving average of GBX 1,251.91. The company has a debt-to-equity ratio of 118.97, a current ratio of 0.76 and a quick ratio of 0.34.

National Grid (LON:NG) last posted its quarterly earnings data on Thursday, May 14th. The company reported GBX 78 EPS for the quarter. The business had revenue of GBX 1,768.70 billion during the quarter. National Grid had a return on equity of 8.47% and a net margin of 18.32%. On average, analysts anticipate that National Grid will post 66.9851952 EPS for the current fiscal 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.