National Grid (LON:NG) Sets New 52-Week High at $906.40

National Grid plc (LON:NG)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 906.40 ($11.84) and last traded at GBX 904.90 ($11.82), with a volume of 155569 shares. The stock had previously closed at GBX 900 ($11.76).

A number of research firms have recently weighed in on NG. Jefferies Financial Group raised their price target on shares of National Grid from GBX 820 ($10.71) to GBX 880 ($11.50) and gave the company a “hold” rating in a research note on Thursday, September 19th. Barclays restated an “overweight” rating on shares of National Grid in a research note on Wednesday, October 16th. JPMorgan Chase & Co. restated an “overweight” rating on shares of National Grid in a research note on Wednesday, October 16th. Deutsche Bank upgraded shares of National Grid to a “buy” rating and raised their price target for the company from GBX 890 ($11.63) to GBX 930 ($12.15) in a research note on Tuesday, October 8th. Finally, Credit Suisse Group set a GBX 970 ($12.67) price target on shares of National Grid and gave the company a “buy” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 932.62 ($12.19).

The business’s fifty day moving average is GBX 868.57 and its 200-day moving average is GBX 842.94. The firm has a market cap of $31.70 billion and a P/E ratio of 20.47. The company has a debt-to-equity ratio of 153.93, a quick ratio of 0.58 and a current ratio of 0.87.

In other National Grid news, insider Amanda Mesler acquired 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of GBX 850 ($11.11) per share, for a total transaction of £12,750 ($16,660.13).

National Grid Company Profile (LON:NG)

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.

Read More: What does the Dow Jones Industrial Average (DJIA) measure?

Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.