National Grid (LON:NG) PT Lowered to GBX 1,070 at Berenberg Bank

National Grid (LON:NG) had its price target lowered by Berenberg Bank from GBX 1,150 ($15.02) to GBX 1,070 ($13.97) in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage currently has a hold rating on the stock.

Several other brokerages have also issued reports on NG. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 1,125 ($14.69) target price on shares of National Grid in a research report on Tuesday, June 25th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,200 ($15.67) target price on shares of National Grid in a research note on Friday, August 30th. Finally, Citigroup reiterated a “top pick” rating on shares of National Grid in a research note on Monday, September 16th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 1,181.25 ($15.43).

National Grid Stock Performance

NG opened at GBX 1,031.50 ($13.47) on Monday. National Grid has a 52-week low of GBX 645 ($8.42) and a 52-week high of GBX 1,145.50 ($14.96). The firm has a market cap of £50.44 billion, a P/E ratio of 1,850.00, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. The business’s fifty day moving average is GBX 1,010.81 and its 200-day moving average is GBX 991.23. The company has a debt-to-equity ratio of 161.24, a quick ratio of 0.34 and a current ratio of 0.91.

Insider Activity at National Grid

In other National Grid news, insider John Pettigrew purchased 220,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were acquired at an average cost of GBX 1,039 ($13.57) per share, with a total value of £2,285,800 ($2,984,852.44). Over the last three months, insiders have purchased 220,316 shares of company stock worth $228,878,816. Corporate insiders own 0.18% 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.