Insider Buying: National Grid (LON:NG) Insider Acquires £160.03 in Stock

National Grid plc (LON:NG) insider Andrew Agg purchased 13 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average price of GBX 1,231 per share, with a total value of £160.03.

Andrew Agg also recently made the following trade(s):

• On Monday, June 15th, Andrew Agg acquired 16,602 shares of National Grid stock. The shares were bought at an average cost of GBX 1,203 per share, for a total transaction of £199,722.06.
• On Monday, June 8th, Andrew Agg bought 12 shares of National Grid stock. The stock was bought at an average price of GBX 1,209 per share, with a total value of £145.08.
• On Thursday, May 7th, Andrew Agg purchased 12 shares of National Grid stock. The shares were bought at an average price of GBX 1,284 per share, for a total transaction of £154.08.

National Grid Stock Performance

Shares of NG opened at GBX 1,226 on Friday. The company’s 50 day simple moving average is GBX 1,239.82 and its 200-day simple moving average is GBX 1,258.04. National Grid plc has a 12-month low of GBX 645 and a 12-month high of GBX 1,145.50. The firm has a market cap of £60.19 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 2.06 and a beta of 0.60. The company has a current ratio of 0.76, a quick ratio of 0.34 and a debt-to-equity ratio of 118.97.

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

Analyst Ratings Changes

NG has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 1,375 price objective on shares of National Grid in a research note on Thursday, July 2nd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,410 target price on shares of National Grid in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft cut their price target on National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating for the company in a research note on Wednesday, April 1st. JPMorgan Chase & Co. decreased their price target on National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating for the company in a report on Thursday, May 7th. Finally, Citigroup upped their price objective on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, National Grid presently has an average rating of “Hold” and a consensus target price of GBX 1,315.43.

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.