National Grid (NYSE:NGG) was upgraded by BNP Paribas from a “neutral” rating to an “outperform” rating in a research note issued on Monday.
NGG has been the subject of a number of other reports. Zacks Investment Research lowered shares of National Grid from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. ValuEngine raised shares of National Grid from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Credit Suisse Group raised shares of National Grid from an “underperform” rating to a “neutral” rating in a research note on Monday, November 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of National Grid in a research note on Wednesday, November 15th. Finally, Goldman Sachs Group raised shares of National Grid from a “sell” rating to a “neutral” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. National Grid currently has a consensus rating of “Hold” and a consensus price target of $67.00.
National Grid (NYSE:NGG) traded down $0.68 during trading hours on Monday, reaching $56.91. 177,939 shares of the company were exchanged, compared to its average volume of 750,710. National Grid has a 52 week low of $56.63 and a 52 week high of $75.24. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 1.32.
National Grid 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.