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

National Grid plc (LON:NG) insider Andrew Agg purchased 12 shares of National Grid stock in a transaction that occurred on Monday, June 8th. The shares were bought 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 Stock Down 0.2%

Shares of NG opened at GBX 1,199.50 on Wednesday. The company has a debt-to-equity ratio of 118.97, a quick ratio of 0.34 and a current ratio of 0.76. National Grid plc has a one year low of GBX 645 and a one year high of GBX 1,145.50. The stock has a market capitalization 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 stock has a 50 day moving average price of GBX 1,272.96 and a 200 day moving average price of GBX 1,244.13.

National Grid (LON:NG) last announced its quarterly earnings data on Thursday, May 14th. The company reported GBX 78 earnings per share for the quarter. National Grid had a return on equity of 8.47% and a net margin of 18.32%.The company had revenue of GBX 1,768.70 billion for the quarter. Equities research analysts forecast that National Grid plc will post 66.9851952 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NG shares. JPMorgan Chase & Co. decreased their target price on shares of National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,410 price objective on shares of National Grid in a research note on Friday, May 15th. UBS Group restated a “sell” rating and issued a GBX 1,160 target price on shares of National Grid in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reduced their price target on National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Finally, Citigroup increased their price target 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. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.