National Grid (LON:NG) Trading Down 1.5% – Here’s What Happened

National Grid plc (LON:NG)’s stock price traded down 1.5% during mid-day trading on Friday . The company traded as low as GBX 976.80 ($12.12) and last traded at GBX 977.20 ($12.12). 7,933,849 shares traded hands during trading, The stock had previously closed at GBX 991.80 ($12.30).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their target price on National Grid from GBX 1,150 ($14.27) to GBX 1,070 ($13.27) and set a “hold” rating for the company in a report on Monday, October 14th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 1,181.25 ($14.65).

National Grid Stock Performance

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 firm has a market cap of £48.04 billion, a P/E ratio of 1,786.18, a P/E/G ratio of 2.06 and a beta of 0.25. The company’s 50 day moving average is GBX 954.09 and its 200 day moving average is GBX 983.36.

National Grid (LON:NG) last issued its earnings results on Thursday, November 7th. The company reported GBX 10.40 ($0.13) earnings per share (EPS) for the quarter. National Grid had a return on equity of 7.46% and a net margin of 11.54%. As a group, equities analysts predict that National Grid plc will post 66.9851952 earnings per share for the current fiscal year.

Insider Activity at National Grid

In other news, insider Paula Rosput Reynolds purchased 46 shares of the stock in a transaction on Wednesday, January 15th. The stock was purchased at an average price of GBX 984 ($12.21) per share, for a total transaction of £452.64 ($561.52). Insiders purchased 77 shares of company stock worth $74,720 over the last three months. Company insiders own 0.18% of the company’s stock.

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.