Insider Buying: National Grid (LON:NG) Insider Acquires £143.76 in Stock

National Grid plc (LON:NG) insider Andrew Agg acquired 12 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were bought at an average price of GBX 1,198 per share, for a total transaction of £143.76.

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

• On Tuesday, July 7th, Andrew Agg acquired 13 shares of National Grid stock. The stock was bought at an average cost of GBX 1,231 per share, with a total value of £160.03.
• On Monday, June 15th, Andrew Agg acquired 16,602 shares of National Grid stock. The stock was bought at an average cost of GBX 1,203 per share, with a total value 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.

National Grid Stock Performance

LON NG opened at GBX 1,185.50 on Thursday. The company has a market cap of £58.20 billion, a P/E ratio of 19.48, a P/E/G ratio of 2.06 and a beta of 0.59. 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 business’s 50 day moving average price is GBX 1,219.48 and its 200-day moving average price is GBX 1,267.38. National Grid plc has a fifty-two week low of GBX 645 and a fifty-two week high of GBX 1,145.50.

National Grid (LON:NG) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 78 earnings per share 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 predict that National Grid plc will post 66.9851952 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NG shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 1,375 target price on shares of National Grid in a research note on Thursday, July 2nd. Citigroup lifted their price target 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. Jefferies Financial Group cut their price target on shares of National Grid from GBX 1,410 to GBX 1,300 and set a “hold” rating on the stock in a report on Monday, August 3rd. UBS Group reissued a “sell” rating and issued a GBX 1,160 price objective on shares of National Grid in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,299.71.

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.