Brokerages Set National Grid plc (LON:NG) PT at GBX 1,299.71

National Grid plc (LON:NG) has been assigned an average rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,299.71.

Several equities research analysts have recently weighed in on NG shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 1,375 target price on shares of National Grid in a report on Thursday, July 2nd. Jefferies Financial Group reduced 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 research report on Monday, August 3rd.

Insider Activity

In other news, insider Zoe Yujnovich sold 66,930 shares of National Grid stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of GBX 1,156, for a total value of £773,710.80. Insiders have purchased a total of 38 shares of company stock valued at $45,446 in the last three months. Insiders own 0.18% of the company’s stock.

National Grid Stock Performance

National Grid stock opened at GBX 1,148 on Friday. The firm has a market capitalization of £56.36 billion, a P/E ratio of 18.86, a P/E/G ratio of 2.06 and a beta of 0.59. The stock has a fifty day moving average price of GBX 1,186.62 and a two-hundred day moving average price of GBX 1,241.73. National Grid has a 52-week low of GBX 645 and a 52-week 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.

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.