Shares of National Grid plc (NYSE:NGG) have been assigned an average recommendation of “Buy” from the seventeen brokerages that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $67.00.
A number of brokerages have commented on NGG. Zacks Investment Research upgraded shares of National Grid from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Wednesday, January 17th. Macquarie upgraded shares of National Grid from a “neutral” rating to an “outperform” rating in a research report on Tuesday, December 19th. Deutsche Bank upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Goldman Sachs upgraded shares of National Grid from a “sell” rating to a “neutral” rating in a research report on Thursday, January 25th. Finally, BNP Paribas upgraded shares of National Grid from a “neutral” rating to an “outperform” rating in a research report on Monday, January 29th.
NGG stock traded up $0.91 during mid-day trading on Wednesday, hitting $54.20. 527,547 shares of the company traded hands, compared to its average volume of 786,094. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.32. National Grid has a one year low of $51.44 and a one year high of $75.24.
About National Grid
National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.
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