National Grid plc (LON:NG) Insider John Pettigrew Purchases 14 Shares of Stock

National Grid plc (LON:NG) insider John Pettigrew bought 14 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was purchased at an average price of GBX 1,089 ($13.68) per share, with a total value of £152.46 ($191.53).

National Grid Price Performance

National Grid stock opened at GBX 1,101.50 ($13.84) on Thursday. The company has a market capitalization of £40.98 billion, a PE ratio of 1,587.68, a PEG ratio of 3.37 and a beta of 0.29. The company has a 50-day moving average of GBX 1,049.33 and a 200 day moving average of GBX 1,036.49. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 156.83.

Analyst Ratings Changes

NG has been the subject of several recent analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,330 ($16.71) target price on shares of National Grid in a research report on Friday, April 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 1,250 ($15.70) price objective on shares of National Grid in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, National Grid presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,212 ($15.23).

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. The company 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.