National Grid plc Reaches New 1-Year High at $77.04 (NGG)
National Grid plc (NYSE:NGG)’s share price hit a new 52-week high during trading on Monday , American Banking and Market News reports. The stock traded as high as $77.04 and last traded at $76.92, with a volume of 345,388 shares changing hands. The stock had previously closed at $76.21.
Several analysts have recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of National Grid plc in a research note on Friday, July 11th. Separately, analysts at Zacks downgraded shares of National Grid plc from an “outperform” rating to a “neutral” rating in a research note on Monday, July 7th. They now have a $78.70 price target on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $76.35.
The stock’s 50-day moving average is $74.52 and its 200-day moving average is $70.22. The company has a market cap of $57.544 billion and a price-to-earnings ratio of 13.57.
National Grid Plc is an electricity and gas utility company. The Company operates in three segments: UK Transmission, UK Gas Distribution and US Regulated.
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