National Grid (LON:NG) Stock Rating Reaffirmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of National Grid (LON:NG) in a research report sent to investors on Friday morning, MarketBeat.com reports. They currently have a GBX 1,200 ($15.82) target price on the stock.

Separately, Royal Bank of Canada restated an outperform rating and issued a GBX 1,125 ($14.84) target price on shares of National Grid in a report on Tuesday, June 25th.

National Grid Stock Up 0.7 %

Shares of NG opened at GBX 998.60 ($13.17) on Friday. The business’s 50 day simple moving average is GBX 953.37 and its 200-day simple moving average is GBX 995.44. National Grid has a 1 year low of GBX 645 ($8.51) and a 1 year high of GBX 1,145.50 ($15.11). 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 stock has a market capitalization of £48.83 billion, a price-to-earnings ratio of 1,802.91, a price-to-earnings-growth ratio of 1.96 and a beta of 0.25.

Insider Activity

In other National Grid news, insider Andrew Agg acquired 18,915 shares of the business’s stock in a transaction on Monday, July 15th. The shares were bought at an average price of GBX 945 ($12.46) per share, with a total value of £178,746.75 ($235,720.36). In related news, insider Andrew Agg acquired 18,915 shares of the stock in a transaction on Monday, July 15th. The stock was bought at an average cost of GBX 945 ($12.46) per share, with a total value of £178,746.75 ($235,720.36). Also, insider John Pettigrew bought 271 shares of National Grid stock in a transaction dated Friday, July 19th. The shares were bought at an average cost of GBX 937 ($12.36) per share, for a total transaction of £2,539.27 ($3,348.64). Over the last 90 days, insiders have acquired 19,235 shares of company stock valued at $18,173,810. 0.16% of the stock is currently owned by insiders.

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.