National Grid plc (LON:NG) Insider John Pettigrew Buys 220,000 Shares

National Grid plc (LON:NG) insider John Pettigrew purchased 220,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was purchased at an average cost of GBX 1,039 ($13.90) per share, with a total value of £2,285,800 ($3,057,517.39).

John Pettigrew also recently made the following trade(s):

• On Monday, September 9th, John Pettigrew bought 14 shares of National Grid stock. The shares were acquired at an average cost of GBX 1,028 ($13.75) per share, for a total transaction of £143.92 ($192.51).
• On Wednesday, August 7th, John Pettigrew bought 15 shares of National Grid stock. The stock was bought at an average price of GBX 975 ($13.04) per share, with a total value of £146.25 ($195.63).
• On Friday, July 19th, John Pettigrew acquired 271 shares of National Grid stock. The shares were purchased at an average cost of GBX 937 ($12.53) per share, with a total value of £2,539.27 ($3,396.56).
• On Monday, July 8th, John Pettigrew acquired 17 shares of National Grid stock. The shares were acquired at an average cost of GBX 931 ($12.45) per share, with a total value of £158.27 ($211.70).

National Grid Price Performance

Shares of LON NG traded up GBX 17.50 ($0.23) during mid-day trading on Wednesday, hitting GBX 1,047.50 ($14.01). 7,239,261 shares of the stock were exchanged. National Grid plc has a twelve month low of GBX 645 ($8.63) and a twelve month high of GBX 1,145.50 ($15.32). The stock’s fifty day simple moving average is GBX 1,003.11 and its two-hundred day simple moving average is GBX 994.62. The company has a debt-to-equity ratio of 161.24, a quick ratio of 0.34 and a current ratio of 0.91. The company has a market cap of £51.22 billion, a P/E ratio of 1,872.73, a PEG ratio of 2.04 and a beta of 0.25.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup reaffirmed a “top pick” rating on shares of National Grid in a research report on Monday, September 16th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 1,125 ($15.05) target price on shares of National Grid in a research note on Tuesday, June 25th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,200 ($16.05) price target on shares of National Grid in a research report on Friday, August 30th.

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.