National Grid (LON:NG) Insider Acquires £143.76 in Stock

National Grid plc (LON:NG) insider Andrew Agg bought 12 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of GBX 1,198 per share, for a total transaction of £143.76.

Andrew Agg also recently made the following trade(s):

• On Tuesday, July 7th, Andrew Agg bought 13 shares of National Grid stock. The stock was purchased at an average price of GBX 1,231 per share, for a total transaction of £160.03.
• On Monday, June 15th, Andrew Agg purchased 16,602 shares of National Grid stock. The stock was purchased at an average cost of GBX 1,203 per share, with a total value of £199,722.06.
• On Monday, June 8th, Andrew Agg purchased 12 shares of National Grid stock. The stock was purchased at an average cost of GBX 1,209 per share, with a total value of £145.08.

National Grid Price Performance

Shares of NG traded up GBX 4 during mid-day trading on Monday, reaching GBX 1,200. 13,132,882 shares of the stock traded hands. The company has a market cap of £58.92 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59. 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 1,219.60 and a 200 day moving average price of GBX 1,267.50. The company has a current ratio of 0.76, a quick ratio of 0.34 and a debt-to-equity ratio of 118.97.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on National Grid from GBX 1,450 to GBX 1,440 and set an “overweight” rating for the company in a report on Thursday, May 7th. UBS Group reiterated a “sell” rating and set a GBX 1,160 target price on shares of National Grid in a research report on Monday, May 11th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 1,375 price target on shares of National Grid in a report on Thursday, July 2nd. Citigroup boosted their price target on National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, Jefferies Financial Group decreased their price objective on shares of National Grid from GBX 1,410 to GBX 1,300 and set a “hold” rating for the company in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, National Grid has an average rating of “Hold” and an average price target of GBX 1,299.71.

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.