National Grid (LON:NG) Receives Top Pick Rating from Citigroup

National Grid (LON:NG)‘s stock had its “top pick” rating restated by stock analysts at Citigroup in a note issued to investors on Monday, Digital Look reports.

NG has been the topic of a number of other reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 1,125 ($14.71) price target on shares of National Grid in a research note on Tuesday, June 25th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,200 ($15.69) target price on shares of National Grid in a research report on Friday, August 30th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1,238.75 ($16.20).

National Grid Price Performance

NG stock traded up GBX 6 ($0.08) during mid-day trading on Monday, reaching GBX 1,043.50 ($13.65). 7,111,045 shares of the company’s stock were exchanged. 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 firm has a 50-day moving average of GBX 978.32 and a 200 day moving average of GBX 995.02. The firm has a market capitalization of £51.03 billion, a P/E ratio of 1,897.27, a price-to-earnings-growth ratio of 1.97 and a beta of 0.25.

Insider Transactions at National Grid

In other National Grid news, insider John Pettigrew sold 197,294 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of GBX 892 ($11.66), for a total value of £1,759,862.48 ($2,301,376.33). In other news, insider John Pettigrew sold 197,294 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of GBX 892 ($11.66), for a total value of £1,759,862.48 ($2,301,376.33). Also, insider Andrew Agg acquired 18,915 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were acquired at an average cost of GBX 945 ($12.36) per share, with a total value of £178,746.75 ($233,747.55). Insiders have purchased a total of 19,232 shares of company stock worth $18,173,446 in the last ninety days. Insiders own 0.16% 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.