National Grid plc (NYSE:NGG) shares traded up 8.1% during trading on Wednesday . The company traded as high as $49.88 and last traded at $53.56, 93,508 shares changed hands during trading. A decline of 92% from the average session volume of 1,110,977 shares. The stock had previously closed at $49.55.
Several research analysts recently issued reports on NGG shares. BNP Paribas lowered shares of National Grid from an “outperform” rating to a “neutral” rating in a research report on Friday, January 10th. HSBC upgraded shares of National Grid from a “hold” rating to a “buy” rating in a research report on Thursday, March 19th. Goldman Sachs Group reiterated a “neutral” rating on shares of National Grid in a research report on Monday. Zacks Investment Research upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, Exane BNP Paribas lowered shares of National Grid from an “outperform” rating to a “neutral” rating in a research report on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. National Grid presently has a consensus rating of “Buy” and an average price target of $65.00.
The firm’s 50-day moving average is $62.33 and its 200-day moving average is $59.56. The company has a market capitalization of $39.80 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 7.25 and a beta of 0.50. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.38.
National Grid Company Profile (NYSE:NGG)
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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