National Grid plc Stock Rating Reaffirmed by RBC Capital (NGG)
National Grid plc (NYSE:NGG) traded down 0.49% on Tuesday, hitting $73.59. The stock had a trading volume of 296,959 shares. National Grid plc has a 1-year low of $57.12 and a 1-year high of $77.21. The stock’s 50-day moving average is $73.90 and its 200-day moving average is $71.52. The company has a market cap of $54.903 billion and a price-to-earnings ratio of 13.49.
A number of other analysts have also recently weighed in on NGG. Analysts at Berenberg Bank reiterated a “hold” rating on shares of National Grid plc in a research note on Friday. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of National Grid plc in a research note on Tuesday, August 5th. Finally, analysts at Barclays raised their price target on shares of National Grid plc from $74.00 to $77.00 in a research note on Tuesday, July 29th. They now have an “overweight” rating on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $77.00.
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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