National Grid plc (LON:NG) Receives GBX 1,315.43 Consensus Target Price from Analysts

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

Several research firms have recently weighed in on NG. Deutsche Bank Aktiengesellschaft reduced their target price on shares of 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. Royal Bank Of Canada reduced their target price on shares of National Grid from GBX 1,400 to GBX 1,375 and set a “sector perform” rating for the company in a research note on Monday, June 1st. Citigroup lifted their target price on shares of 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. UBS Group reiterated a “sell” rating and issued a GBX 1,160 target price on shares of National Grid in a research note on Monday, May 11th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,410 target price on shares of National Grid in a research note on Friday, May 15th.

National Grid Trading Up 0.7%

LON:NG opened at GBX 1,208 on Friday. 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 has a market capitalization of £59.31 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 2.06 and a beta of 0.60. The firm’s 50 day moving average is GBX 1,270.76 and its 200 day moving average is GBX 1,244.86. 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 posted its quarterly earnings results on Thursday, May 14th. The company reported GBX 78 EPS for the quarter. The company had revenue of GBX 1,768.70 billion for the quarter. National Grid had a net margin of 18.32% and a return on equity of 8.47%. Sell-side analysts expect that National Grid will post 66.9851952 earnings per share for the current year.

Insider Buying and Selling at National Grid

In other National Grid news, insider Jacqui Ferguson bought 1,936 shares of National Grid stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of GBX 1,281 per share, for a total transaction of £24,800.16. Insiders have bought a total of 1,960 shares of company stock valued at $2,509,932 in the last three months. 0.18% of the stock is owned by company insiders.

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.