National Grid (LON:NG) Earns Top Pick Rating from Citigroup

Citigroup reaffirmed their top pick rating on shares of National Grid (LON:NG) in a research report released on Monday, Marketbeat Ratings reports.

Several other brokerages also recently weighed in on NG. Royal Bank of Canada restated an outperform rating and set a GBX 1,125 ($14.86) price objective on shares of National Grid in a research report on Tuesday, June 25th. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 1,200 ($15.85) target price on shares of National Grid in a research report on Friday, August 30th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, National Grid currently has a consensus rating of Buy and an average target price of GBX 1,238.75 ($16.36).

National Grid Price Performance

Shares of NG stock opened at GBX 1,056 ($13.95) on Monday. The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 161.24. National Grid has a twelve month low of GBX 645 ($8.52) and a twelve month high of GBX 1,145.50 ($15.13). The company has a market cap of £51.64 billion, a P/E ratio of 1,920.00, a P/E/G ratio of 2.05 and a beta of 0.25. The business has a fifty day simple moving average of GBX 983 and a 200 day simple moving average of GBX 995.19.

Insider Buying and Selling at National Grid

In related news, insider Andrew Agg acquired 18,915 shares of the stock in a transaction dated Monday, July 15th. The stock was bought at an average cost of GBX 945 ($12.48) per share, for a total transaction of £178,746.75 ($236,125.17). In other news, insider John Pettigrew sold 197,294 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of GBX 892 ($11.78), for a total transaction of £1,759,862.48 ($2,324,785.31). Also, insider Andrew Agg acquired 18,915 shares of the stock in a transaction dated Monday, July 15th. The shares were bought at an average price of GBX 945 ($12.48) per share, with a total value of £178,746.75 ($236,125.17). Over the last three months, insiders bought 19,232 shares of company stock worth $18,173,446. 0.16% of the stock is currently owned by insiders.

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.