National Grid (NGG) Scheduled to Post Earnings on Thursday

National Grid (NYSE:NGG) will be posting its quarterly earnings results before the market opens on Thursday, May 16th.

National Grid stock opened at $55.01 on Tuesday. National Grid has a twelve month low of $46.36 and a twelve month high of $59.82. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.22. The company has a market cap of $37.37 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 9.06 and a beta of 0.43.

A number of analysts have weighed in on the company. Royal Bank of Canada raised National Grid from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, February 6th. Zacks Investment Research raised National Grid from a “sell” rating to a “buy” rating and set a $61.00 price target for the company in a report on Wednesday, February 13th. Finally, Barclays began coverage on National Grid in a report on Wednesday, January 30th. They issued an “overweight” rating for the company.

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National Grid Company Profile

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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