National Grid plc (LON:NG) Receives Average Recommendation of “Hold” from Brokerages

National Grid plc (LON:NG) has earned an average recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 1,315.43.

A number of research firms have recently weighed in on NG. Citigroup boosted their price objective on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 1,375 target price on shares of National Grid in a research report on Thursday, July 2nd. UBS Group reissued a “sell” rating and issued a GBX 1,160 price target on shares of National Grid in a research note on Monday, May 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,410 price objective on shares of National Grid in a research note on Thursday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of 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.

Insiders Place Their Bets

In related news, insider Zoe Yujnovich acquired 24,797 shares of the stock in a transaction dated Monday, June 15th. The stock was bought at an average cost of GBX 1,203 per share, with a total value of £298,307.91. Also, insider Andrew Agg acquired 16,602 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were purchased at an average price of GBX 1,203 per share, with a total value of £199,722.06. Insiders have purchased a total of 43,359 shares of company stock valued at $52,312,929 over the last quarter. Company insiders own 0.18% of the company’s stock.

National Grid Price Performance

National Grid stock traded down GBX 13 during mid-day trading on Tuesday, hitting GBX 1,231. 9,818,764 shares of the company were exchanged. National Grid has a 12-month low of GBX 645 and a 12-month high of GBX 1,145.50. The company has a market capitalization of £60.44 billion, a P/E ratio of 20.23, a PEG ratio of 2.06 and a beta of 0.60. The business’s 50 day simple moving average is GBX 1,244.21 and its two-hundred day simple moving average is GBX 1,256. The company has a debt-to-equity ratio of 118.97, a current ratio of 0.76 and a quick ratio of 0.34.

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

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.