National Grid (LON:NG) Trading Down 0.2% – Time to Sell?

National Grid plc (LON:NG) dropped 0.2% during mid-day trading on Tuesday . The stock traded as low as GBX 938.80 ($11.75) and last traded at GBX 943.60 ($11.81). Approximately 4,716,155 shares changed hands during mid-day trading, The stock had previously closed at GBX 945.20 ($11.83).

Analysts Set New Price Targets

Several research analysts recently weighed in on NG shares. Citigroup restated a “top pick” rating on shares of National Grid in a research report on Monday, September 16th. Berenberg Bank decreased their target price on National Grid from GBX 1,150 ($14.39) to GBX 1,070 ($13.39) and set a “hold” rating on the stock in a research report on Monday, October 14th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 1,181.25 ($14.78).

National Grid Trading Up 0.7 %

The stock has a market capitalization of £46.46 billion, a PE ratio of 1,727.27, a P/E/G ratio of 2.06 and a beta of 0.25. The company’s 50 day moving average price is GBX 972.31 and its two-hundred day moving average price is GBX 975.05. The company has a debt-to-equity ratio of 161.24, a current ratio of 0.91 and a quick ratio of 0.34.

National Grid Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Thursday, November 21st will be paid a GBX 15.84 ($0.20) dividend. This represents a yield of 1.61%. The ex-dividend date is Thursday, November 21st. National Grid’s dividend payout ratio (DPR) is 10,363.64%.

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.