National Grid plc (LON:NG - Get Free Report) traded down 1.5% during mid-day trading on Friday . The stock traded as low as GBX 976.80 ($12.16) and last traded at GBX 977.20 ($12.17). 7,933,849 shares traded hands during trading, The stock had previously closed at GBX 991.80 ($12.35).
Wall Street Analyst Weigh In
Separately, Berenberg Bank cut their target price on National Grid from GBX 1,150 ($14.32) to GBX 1,070 ($13.32) and set a "hold" rating on the stock in a research report on Monday, October 14th. One 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of GBX 1,181.25 ($14.71).
View Our Latest Analysis on NG
National Grid Stock Down 0.5 %
The firm's 50-day moving average price is GBX 953.50 and its 200-day moving average price is GBX 984.15. The company has a debt-to-equity ratio of 161.24, a current ratio of 0.91 and a quick ratio of 0.34. The company has a market cap of £47.79 billion, a price-to-earnings ratio of 1,776.73, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25.
Insiders Place Their Bets
In related news, insider Paula Rosput Reynolds acquired 46 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was bought at an average cost of GBX 984 ($12.25) per share, with a total value of £452.64 ($563.62). Insiders have purchased a total of 92 shares of company stock worth $89,435 over the last quarter. 0.18% of the stock is owned by corporate insiders.
National Grid Company Profile
(
Get 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 and construction work services in England and Wales.
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