National Grid (LON:NG) Trading Down 0.4% – Time to Sell?

National Grid plc (LON:NG)’s share price fell 0.4% during trading on Tuesday . The company traded as low as GBX 983.20 ($12.80) and last traded at GBX 983.20 ($12.80). 4,230,062 shares were traded during trading, The stock had previously closed at GBX 987.20 ($12.85).

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NG. Citigroup reissued a “top pick” rating on shares of National Grid in a report 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 for the company in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,200 ($15.62) price target on shares of National Grid in a report on Friday, August 30th. One analyst has rated the stock with a hold rating, three have assigned 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 ($15.38).

National Grid Price Performance

The firm has a market cap of £48.48 billion, a P/E ratio of 1,787.64, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. The company has a current ratio of 0.91, a quick ratio of 0.34 and a debt-to-equity ratio of 161.24. The business has a 50-day moving average of GBX 1,016.22 and a two-hundred day moving average of GBX 987.65.

Insider Buying and Selling

In related news, insider John Pettigrew purchased 220,000 shares of National Grid stock in a transaction on Tuesday, October 1st. The shares were purchased at an average price of GBX 1,039 ($13.53) per share, for a total transaction of £2,285,800 ($2,975,527.21). Insiders have bought 220,030 shares of company stock worth $228,610,264 in the last 90 days. Insiders own 0.18% of the company’s stock.

About National Grid

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.