National Grid (LON:NG) Trading Down 0.4% - Should You Sell?

Shares of National Grid plc (LON:NG - Get Free Report) dropped 0.4% on Tuesday . The company traded as low as GBX 983.20 ($12.80) and last traded at GBX 983.20 ($12.80). Approximately 4,230,062 shares changed hands during mid-day trading, The stock had previously closed at GBX 987.20 ($12.85).

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Citigroup reiterated a "top pick" rating on shares of National Grid in a research note on Monday, September 16th. Berenberg Bank lowered their price target on National Grid from GBX 1,150 ($14.97) to GBX 1,070 ($13.93) and set a "hold" rating on the stock in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 1,200 ($15.62) target price on shares of National Grid in a research note on Friday, August 30th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 1,181.25 ($15.38).

National Grid Price Performance

The company's 50 day moving average is GBX 1,015.98 and its 200 day moving average is GBX 987.32. The firm has a market capitalization of £48.48 billion, a price-to-earnings ratio of 1,802.55, a P/E/G ratio of 2.06 and a beta of 0.25. The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 161.24.

Insider Transactions at National Grid

In other National Grid news, insider John Pettigrew purchased 220,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was bought at an average price of GBX 1,039 ($13.53) per share, with a total value of £2,285,800 ($2,975,527.21). In the last 90 days, insiders bought 220,030 shares of company stock valued at $228,610,264. Company 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.