Key Points
- Insider purchase: National Grid insider Iain Mackay bought 4,500 shares on November 17 at GBX 1,174 per share, a total transaction of £52,830.
- Analyst outlook: The stock carries a consensus "Buy" rating with a consensus target of GBX 1,200, and firms including JPMorgan and Barclays have reiterated overweight/Buy views.
- Market and financials: Shares were trading around GBX 1,178 (up ~0.7%), with a market cap of about £57.8bn, a P/E of 19.35 and a high debt-to-equity ratio of 157.61.
National Grid plc (LON:NG - Get Free Report) insider Iain Mackay purchased 4,500 shares of the company's stock in a transaction dated Monday, November 17th. The shares were acquired at an average price of GBX 1,174 per share, for a total transaction of £52,830.
National Grid Trading Up 0.7%
Shares of NG stock opened at GBX 1,178 on Wednesday. The company has a debt-to-equity ratio of 157.61, a current ratio of 0.91 and a quick ratio of 0.34. The company has a market cap of £57.84 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.06 and a beta of 0.25. National Grid plc has a 1 year low of GBX 645 and a 1 year high of GBX 1,145.50. The firm has a fifty day moving average price of GBX 1,104.09 and a 200-day moving average price of GBX 1,070.81.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. JPMorgan Chase & Co. restated an "overweight" rating on shares of National Grid in a research report on Friday, October 3rd. Barclays reissued an "overweight" rating and issued a GBX 1,200 target price on shares of National Grid in a report on Thursday, October 16th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of GBX 1,200.
Check Out Our Latest Stock Report on National Grid
About National Grid
(
Get Free Report)
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.
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