National Grid (LON:NG) Rating Reiterated by JPMorgan Chase & Co.

National Grid (LON:NG)‘s stock had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They currently have a GBX 1,200 ($15.32) target price on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 21.65% from the company’s previous close.

NG has been the topic of a number of other research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,330 ($16.98) price target on shares of National Grid in a report on Friday, April 19th. Royal Bank of Canada restated an “outperform” rating and set a GBX 1,125 ($14.36) target price on shares of National Grid in a research note on Tuesday, June 25th.

National Grid Price Performance

NG stock opened at GBX 986.40 ($12.59) on Tuesday. National Grid has a 1 year low of GBX 645 ($8.24) and a 1 year high of GBX 1,145.50 ($14.63). The firm has a 50-day moving average of GBX 927.27 and a 200 day moving average of GBX 999.10. The company has a market cap of £48.23 billion, a P/E ratio of 1,793.45, a PEG ratio of 1.93 and a beta of 0.25. The company has a debt-to-equity ratio of 161.24, a current ratio of 0.91 and a quick ratio of 0.34.

Insiders Place Their Bets

In related news, insider John Pettigrew purchased 271 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was acquired at an average price of GBX 937 ($11.96) per share, with a total value of £2,539.27 ($3,242.17). In related news, insider Andrew Agg bought 18,915 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were acquired at an average price of GBX 945 ($12.07) per share, for a total transaction of £178,746.75 ($228,226.19). Also, insider John Pettigrew bought 271 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was bought at an average price of GBX 937 ($11.96) per share, for a total transaction of £2,539.27 ($3,242.17). Over the last quarter, insiders purchased 19,235 shares of company stock valued at $18,173,810. Insiders own 0.16% of the company’s stock.

National Grid Company Profile

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.