National Grid plc (LON:NG – Get Free Report) insider John Pettigrew acquired 14 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average price of GBX 1,089 ($13.68) per share, with a total value of £152.46 ($191.53).
National Grid Stock Up 2.0 %
Shares of NG traded up GBX 21.50 ($0.27) on Wednesday, hitting GBX 1,095.50 ($13.76). The company’s stock had a trading volume of 6,440,601 shares. The business has a fifty day moving average of GBX 1,048.02 and a two-hundred day moving average of GBX 1,036.08. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 156.83. The stock has a market capitalization of £40.75 billion, a price-to-earnings ratio of 1,556.52, a price-to-earnings-growth ratio of 3.37 and a beta of 0.29.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on NG. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,330 ($16.71) price objective on shares of National Grid in a research note on Friday, April 19th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 1,250 ($15.70) price target on shares of National Grid in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, National Grid presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,212 ($15.23).
National Grid Company Profile
National Grid plc transmits and distributes electricity and gas. The company 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.
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