National Grid Transco (NGG) Upgraded to “Hold” by Deutsche Bank
National Grid Transco (NYSE:NGG) was upgraded by stock analysts at Deutsche Bank from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
Several other equities research analysts also recently issued reports on NGG. ValuEngine raised National Grid Transco from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Credit Suisse Group raised National Grid Transco from an “underperform” rating to a “neutral” rating in a research report on Monday, November 27th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of National Grid Transco in a research report on Wednesday, November 15th. Finally, Zacks Investment Research downgraded National Grid Transco from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $69.00.
Shares of National Grid Transco (NGG) opened at $59.59 on Wednesday. National Grid Transco has a 1 year low of $58.42 and a 1 year high of $75.24. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.32.
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National Grid Transco Company Profile
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.
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