Analysts Set National Grid plc (LON:NG) Price Target at GBX 898

Shares of National Grid plc (LON:NG) have been assigned a consensus recommendation of “Buy” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 892.83 ($11.67).

Several analysts have issued reports on NG shares. Deutsche Bank upgraded shares of National Grid to a “buy” rating and increased their target price for the stock from GBX 840 ($10.98) to GBX 890 ($11.63) in a research note on Tuesday, July 23rd. Jefferies Financial Group increased their target price on shares of National Grid from GBX 820 ($10.71) to GBX 880 ($11.50) and gave the stock a “hold” rating in a research note on Thursday, September 19th. HSBC set a GBX 930 ($12.15) target price on shares of National Grid and gave the stock a “buy” rating in a research note on Monday, June 24th. Barclays reissued an “overweight” rating on shares of National Grid in a report on Wednesday, June 19th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of National Grid in a report on Thursday, July 18th.

LON NG traded down GBX 4.60 ($0.06) on Friday, hitting GBX 863.30 ($11.28). The stock had a trading volume of 4,509,033 shares, compared to its average volume of 10,850,000. National Grid has a 52-week low of GBX 744.50 ($9.73) and a 52-week high of GBX 892 ($11.66). The company has a debt-to-equity ratio of 153.93, a quick ratio of 0.58 and a current ratio of 0.87. The company has a market capitalization of $30.05 billion and a price-to-earnings ratio of 19.40. The firm has a 50-day moving average of GBX 849.77 and a 200-day moving average of GBX 841.23.

In related news, insider Amanda Mesler bought 1,500 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was purchased at an average cost of GBX 850 ($11.11) per share, with a total value of £12,750 ($16,660.13). Also, insider Andrew Agg sold 13,593 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of GBX 842 ($11.00), for a total transaction of £114,453.06 ($149,553.19).

About National Grid

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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Analyst Recommendations for National Grid (LON:NG)

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