National Grid (LON:NG – Get Free Report) announced its quarterly earnings results on Thursday. The company reported GBX 36.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. National Grid had a return on equity of 8.47% and a net margin of 18.32%. The firm had revenue of GBX 813.80 billion for the quarter.
National Grid Price Performance
NG opened at GBX 1,249.50 on Friday. The firm has a 50-day moving average of GBX 1,173 and a 200 day moving average of GBX 1,238.37. The firm has a market cap of £61.35 billion, a P/E ratio of 20.53, a PEG ratio of 2.06 and a beta of 0.59. National Grid 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.
Analysts Set New Price Targets
Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,300 target price on shares of National Grid in a report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, National Grid currently has an average rating of “Hold” and an average target price of GBX 1,316.33.
Read Our Latest Stock Analysis on NG
Insider Transactions at National Grid
In other news, insider Zoe Yujnovich sold 66,930 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of GBX 1,156, for a total value of £773,710.80. Corporate insiders own 0.18% of the company’s stock.
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.
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