National Grid Transc Hits New 12-Month High at $67.00 (NGG)
National Grid Transc (NYSE:NGG)’s share price hit a new 52-week high on Tuesday , Analyst Ratings Network.com reports. The company traded as high as $67.00 and last traded at $66.96, with a volume of 335,145 shares traded. The stock had previously closed at $65.50.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of National Grid Transc from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $68.70 price target on the stock. Separately, analysts at HSBC upgraded shares of National Grid Transc from a “neutral” rating to an “overweight” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $69.85.
The stock has a 50-day moving average of $64.52 and a 200-day moving average of $61.47. The company has a market cap of $49.842 billion and a price-to-earnings ratio of 11.76.
National Grid plc (NYSE:NGG) is an international electricity and gas company.
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