Insider Buying: National Grid (LON:NG) Insider Buys 12 Shares of Stock

National Grid plc (LON:NG) insider Andrew Agg purchased 12 shares of the stock in a transaction dated Monday, June 8th. The shares were purchased at an average price of GBX 1,209 per share, with a total value of £145.08.

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

• On Thursday, May 7th, Andrew Agg acquired 12 shares of National Grid stock. The stock was purchased at an average price of GBX 1,284 per share, for a total transaction of £154.08.

National Grid Price Performance

NG opened at GBX 1,199.50 on Wednesday. The stock’s 50-day moving average price is GBX 1,272.96 and its 200 day moving average price is GBX 1,244.13. National Grid plc has a 12-month low of GBX 645 and a 12-month high of GBX 1,145.50. The firm has a market cap of £58.89 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.06 and a beta of 0.60. The company has a current ratio of 0.76, a quick ratio of 0.34 and a debt-to-equity ratio of 118.97.

National Grid (LON:NG) last released its 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 during the quarter. National Grid had a return on equity of 8.47% and a net margin of 18.32%. As a group, sell-side analysts expect that National Grid plc will post 66.9851952 earnings per share for the current year.

Analyst Upgrades and Downgrades

NG has been the subject of several research analyst reports. Citigroup upped their price objective 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. UBS Group restated a “sell” rating and set a GBX 1,160 target price on shares of National Grid in a research report on Monday, May 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,410 price target on shares of National Grid in a research note on Friday, May 15th. Royal Bank Of Canada cut their price target on shares of National Grid from GBX 1,400 to GBX 1,375 and set a “sector perform” rating for the company in a report on Monday, June 1st. 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 on the stock in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,315.43.

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.