National Grid’s (NG) “Top Pick” Rating Reaffirmed at Citigroup

National Grid (LON:NG)‘s stock had its “top pick” rating reaffirmed by research analysts at Citigroup in a report issued 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) target price 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) price target 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. Based on data from MarketBeat, National Grid currently has an average rating of “Buy” and an average target price of GBX 1,238.75 ($16.36).

National Grid Stock Up 0.9 %

Shares of LON NG 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 firm’s 50 day simple moving average is GBX 980.63 and its two-hundred day simple moving average is GBX 995.12. The stock has a market capitalization 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 firm’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 £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 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 bought 18,915 shares of the stock in a transaction dated Monday, July 15th. The stock was purchased at an average price of GBX 945 ($12.48) per share, with a total value of £178,746.75 ($236,125.17). Insiders acquired a total of 19,232 shares of company stock worth $18,173,446 over the last quarter. 0.16% of the stock is owned by corporate 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.