National Grid (LON:NG) Price Target Raised to GBX 1,200

National Grid (LON:NG) had its target price lifted by Citigroup from GBX 1,150 to GBX 1,200 in a research note published on Monday morning, MarketBeat.com reports. Citigroup currently has a neutral rating on the stock.

Several other equities analysts have also commented on NG. Deutsche Bank Aktiengesellschaft upped their price objective on shares of National Grid from GBX 1,150 to GBX 1,250 and gave the stock a “buy” rating in a report on Monday, January 19th. JPMorgan Chase & Co. upped their price target on National Grid from GBX 1,225 to GBX 1,250 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 1,200 price objective on shares of National Grid in a research note on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,225.

National Grid Trading Up 1.5%

LON NG opened at GBX 1,222.50 on Monday. The company has a debt-to-equity ratio of 157.61, a current ratio of 0.91 and a quick ratio of 0.34. The stock has a market capitalization of £60.02 billion, a P/E ratio of 20.09, a PEG ratio of 2.06 and a beta of 0.25. The firm’s 50-day moving average is GBX 1,153.43 and its two-hundred day moving average is GBX 1,106.16. National Grid has a 12 month low of GBX 645 and a 12 month high of GBX 1,145.50.

Insider Activity

In other news, insider Iain Mackay acquired 4,500 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was acquired at an average cost of GBX 1,174 per share, for a total transaction of £52,830. Over the last three months, insiders have acquired 4,552 shares of company stock worth $5,343,320. 0.18% of the stock is owned by insiders.

Key Stories Impacting National Grid

Here are the key news stories impacting National Grid this week:

• Positive Sentiment: Analyst narrative shifting — recent coverage highlights updated price‑target views and a changing investor narrative that supports a re‑rating of the stock; this is a direct bullish signal for NG. Read More.
• Positive Sentiment: Short‑term outperformance — market reports note NG climbed and outperformed the broader market in recent trading, which can attract momentum flows and short‑term buying. Read More.
• Neutral Sentiment: Technicals and valuation context — NG’s price sits near its 50‑day and 200‑day moving averages and trades on a mid‑teens P/E with a modest PEG; these factors provide context for investors but are neither an immediate catalyst nor a headwind by themselves. (Background market data)
• Negative Sentiment: Headline noise from Nigeria grid collapses — multiple news stories reporting repeated collapses of Nigeria’s national power grid could be misread by casual observers as related to National Grid plc; these reports are about Nigeria’s transmission system and not NG plc’s operations, but they may cause short‑term confusion or sentiment drag. Read More.

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. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales.