National Grid’s (NG) ‘Top Pick’ rating was reaffirmed at Citigroup

National Grid (LON:NG – Get a free report)The stock had its “hold” rating reaffirmed by research analysts at Citigroup in a report on Monday, MarketBeat reports.

A number of other research firms have also weighed in on NG. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 1,125 ($14.86) price target on shares of National Grid in a research note on Tuesday, June 25th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,200 ($15.85) target price on shares of National Grid in a research report on Friday, August 30th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. National Grid currently has an average rating of “Buy” and an average target price of GBX 1,238.75 ($16.36), based on data from MarketBeat.

Check out the latest stock analysis on NG

National grid stocks up 0.9%

Shares of LON NG stock opened at GBX 1,056 ($13.95) on Monday. The company has a debt-to-equity ratio of 161.24, a current ratio of 0.91, and a quick ratio of 0.34. National Grid has a one year low of GBX 645 ($8.52) and a one year high of GBX 1,145.50 ($15.13). The company’s 50-day SMA is GBX 980.63, and its 200-day SMA is GBX 995.12. The stock has a market cap of £51.64 billion, a P/E ratio of 1,903.64, a PEG ratio of 2.05 and a beta of 0.25.

Insider activity at National Grid

In other news, insider John Pettigrew sold 197,294 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of GBX 892 ($11.78), for a total value of GBX 1,759,862.48 ($2,324,785.31). In other National Grid news, insider John Pettigrew sold 197,294 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of GBX 892 ($11.78), for a total transaction of GBX 1,759,862.48 ($2,324,785.31). Also, insider Andrew Agg purchased 18,915 shares of the stock in a transaction dated Monday, July 15th. The shares were purchased at an average price of GBX 945 ($12.48) per share, with a total value of GBX 178,746.75 ($236,125.17). Insiders purchased a total of 19,232 shares of company stock valued at $18,173,446 in the last quarter. 0.16% of shares are held by corporate insiders.

National Grid Company Profile

(Get a free report)

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 services and construction works in England and Wales.

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