Insider Buying: National Grid (LON:NG) Insider Buys 16,602 Shares of Stock

National Grid plc (LON:NG) insider Andrew Agg bought 16,602 shares of the business’s stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of GBX 1,203 per share, for a total transaction of £199,722.06.

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

• On Monday, June 8th, Andrew Agg bought 12 shares of National Grid stock. The shares were bought at an average cost 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 National Grid stock remained flat at GBX 1,209 on Tuesday. The stock had a trading volume of 11,225,331 shares. The stock has a market capitalization of £59.36 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 2.06 and a beta of 0.60. National Grid plc has a fifty-two week low of GBX 645 and a fifty-two week high of GBX 1,145.50. The company has a debt-to-equity ratio of 118.97, a quick ratio of 0.34 and a current ratio of 0.76. The stock has a fifty day moving average price of GBX 1,267.82 and a 200-day moving average price of GBX 1,246.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NG shares. UBS Group reaffirmed a “sell” rating and issued a GBX 1,160 price objective on shares of National Grid in a report on Monday, May 11th. Citigroup boosted their target price on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. decreased their target price on shares of National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Royal Bank Of Canada cut their price target 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, June 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 1,315.43.

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.