National Grid plc (LON:NG) receives average ‘Buy’ rating from analysts

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National Grid plc (LON:NG) has received a consensus “Buy” rating from the twelve research firms that currently cover the company, Marketbeat Ratings reports. One research analyst rated the stock with a hold rating and eleven gave the company a buy rating. The 12-month average price target among brokers who updated their coverage on the stock in the past year is 1,047.80 GBX ($14.30).

A number of analysts have recently released reports on NG shares. Deutsche Bank Aktiengesellschaft raised its price target on National Grid from 1,020 GBX ($13.92) to 1,050 GBX ($14.33) and gave the company a “buy” rating in a research note from the Thursday, December 2. Morgan Stanley restated an “overweight” rating on National Grid shares in a Monday, Nov. 15, research report.

In other National Grid news, insider Ian Livingston bought 1,838 shares in a trade on Wednesday January 5. The share was acquired at an average price of 1,067 GBX ($14.56) per share, with a total value of £19,611.46 ($26,758.71). Insiders acquired a total of 1,882 shares of the company worth $2,005,701 over the past ninety days.

LON:NG opened Wednesday at 1,086.60 GBX ($14.83). The company has a debt ratio of 216.30, a quick ratio of 0.24 and a current ratio of 0.69. National Grid has a 52-week minimum of 805.40 GBX ($10.99) and a 52-week maximum of 1,093.40 GBX ($14.92). The company has a market cap of £39.30 billion and a price to earnings ratio of 25.63. The company’s fifty-day moving average is 1,031.43 GBX and its 200-day moving average is 967.66 GBX.

The company also recently announced a dividend, which will be paid on Wednesday, January 19. Investors of record on Thursday, December 2 will receive a dividend of GBX 17.21 ($0.23) per share. This represents a return of 1.77%. The ex-dividend date is Thursday, December 2. National Grid’s dividend payout ratio is currently 115.57%.

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National Grid Company Profile

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated Segments and National Grid Ventures (NGV) and others. The UK Electricity Transmission segment owns and operates electricity transmission networks, which include approximately 7,236 kilometers of overhead lines.

See also: Environmental, Social and Governance (ESG) Investing

Analyst recommendations for National Grid (LON:NG)

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