National Grid Transco (NYSE:NGG) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded National Grid Transco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. J P Morgan Chase & Co restated a “buy” rating on shares of National Grid Transco in a report on Wednesday, November 15th. Finally, Credit Suisse Group upgraded National Grid Transco from an “underperform” rating to a “neutral” rating in a report on Monday, November 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $69.00.
Shares of National Grid Transco (NGG) traded down $0.07 during midday trading on Friday, hitting $60.04. The stock had a trading volume of 717,735 shares, compared to its average volume of 486,569. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.77 and a quick ratio of 0.71. National Grid Transco has a 12 month low of $58.42 and a 12 month high of $75.24.
About National Grid Transco
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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