National Grid plc (LON:NG) Receives Consensus Recommendation of “Hold” from Analysts

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

Several research firms have recently issued reports on NG. 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. Jefferies Financial Group restated a “hold” rating and set a GBX 1,410 target price on shares of National Grid in a report on Thursday, July 2nd. 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 report on Tuesday, April 28th. UBS Group reaffirmed a “sell” rating and issued a GBX 1,160 price target on shares of National Grid in a report on Monday, May 11th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 1,375 price target on shares of National Grid in a research report on Thursday, July 2nd.

National Grid Stock Performance

LON NG opened at GBX 1,237.50 on Friday. The business has a 50 day moving average price of GBX 1,230.05 and a 200 day moving average price of GBX 1,264.87. The company has a market capitalization of £60.76 billion, a P/E ratio of 20.33, a PEG ratio of 2.06 and a beta of 0.60. National Grid has a 1-year low of GBX 645 and a 1-year high of GBX 1,145.50. 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 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 return on equity of 8.47% and a net margin of 18.32%. Sell-side analysts expect that National Grid will post 66.9851952 EPS for the current fiscal year.

Insider Activity at National Grid

In related news, insider Andrew Agg bought 16,602 shares of the stock in a transaction on Monday, June 15th. The shares were purchased at an average price of GBX 1,203 per share, for a total transaction of £199,722.06. Also, insider Zoe Yujnovich bought 24,797 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, for a total transaction of £298,307.91. In the last 90 days, insiders have purchased 43,372 shares of company stock valued at $52,328,932. 0.18% of the stock is owned by corporate insiders.

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.