National Grid plc (LON:NG) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 906.40 ($11.84) and last traded at GBX 904.90 ($11.82), with a volume of 155569 shares trading hands. The stock had previously closed at GBX 900 ($11.76).
Several analysts recently issued reports on the stock. Barclays reissued an “overweight” rating on shares of National Grid in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of National Grid in a research report on Wednesday, October 16th. Jefferies Financial Group lifted their price target on shares of National Grid from GBX 820 ($10.71) to GBX 880 ($11.50) and gave the company a “hold” rating in a research report on Thursday, September 19th. Credit Suisse Group set a GBX 970 ($12.67) price target on shares of National Grid and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada set a GBX 1,000 ($13.07) price target on shares of National Grid and gave the company a “buy” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. National Grid currently has an average rating of “Buy” and a consensus target price of GBX 932.62 ($12.19).
The firm’s 50-day moving average is GBX 868.57 and its 200-day moving average is GBX 842.94. The company has a current ratio of 0.87, a quick ratio of 0.58 and a debt-to-equity ratio of 153.93. The firm has a market cap of $31.70 billion and a price-to-earnings ratio of 20.47.
In other National Grid news, insider Amanda Mesler purchased 1,500 shares of National Grid stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of GBX 850 ($11.11) per share, with a total value of £12,750 ($16,660.13).
About National Grid (LON:NG)
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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