National Grid Transco (NYSE:NGG) was upgraded by equities research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, The Fly reports.
NGG has been the subject of several other reports. Zacks Investment Research lowered shares of National Grid Transco from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. ValuEngine upgraded shares of National Grid Transco from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Credit Suisse Group upgraded shares of National Grid Transco from an “underperform” rating to a “neutral” rating in a research note on Monday, November 27th. J P Morgan Chase & Co reiterated a “buy” rating on shares of National Grid Transco in a research note on Wednesday, November 15th. Finally, Deutsche Bank upgraded shares of National Grid Transco from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $69.00.
Shares of National Grid Transco (NGG) opened at $58.44 on Tuesday. National Grid Transco has a 12-month low of $57.91 and a 12-month high of $75.24. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.71 and a current ratio of 0.77.
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.