Citigroup Raises National Grid (LON:NG) Price Target to GBX 1,200

National Grid (LON:NG) had its price objective boosted by investment analysts at Citigroup from GBX 1,150 to GBX 1,200 in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 0.71% from the company’s previous close.

Several other equities research analysts also recently weighed in on NG. Deutsche Bank Aktiengesellschaft upped their target price on National Grid from GBX 1,150 to GBX 1,250 and gave the stock a “buy” rating in a research report on Monday, January 19th. JPMorgan Chase & Co. boosted their target price on shares of National Grid from GBX 1,225 to GBX 1,250 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 1,200 price target on shares of National Grid in a research report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,225.

National Grid Trading Up 0.4%

NG stock traded up GBX 5 on Monday, hitting GBX 1,191.50. 7,162,599 shares of the company were exchanged. 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 stock has a market capitalization of £58.50 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. National Grid has a twelve month low of GBX 645 and a twelve month high of GBX 1,145.50. The business’s fifty day moving average is GBX 1,151.21 and its two-hundred day moving average is GBX 1,102.88.

Insider Buying and Selling

In other National Grid news, insider Iain Mackay bought 4,500 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were bought at an average price of GBX 1,174 per share, for a total transaction of £52,830. In the last three months, insiders bought 4,552 shares of company stock worth $5,343,320. Company insiders own 0.18% of the company’s stock.

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.