National Grid (NYSE:NGG) was upgraded by equities researchers at Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of National Grid in a report on Wednesday, November 15th. ValuEngine raised shares of National Grid from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of National Grid from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Wednesday, January 17th. Deutsche Bank raised shares of National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, Credit Suisse Group raised shares of National Grid from an “underperform” rating to a “neutral” rating in a research note on Monday, November 27th. One research analyst has rated the stock with a sell rating, eight 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 a consensus price target of $67.00.
National Grid (NGG) traded down $0.30 during mid-day trading on Thursday, hitting $57.38. 1,006,837 shares of the company were exchanged, compared to its average volume of 796,115. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.71 and a current ratio of 0.77. National Grid has a 1-year low of $56.63 and a 1-year high of $75.24. The firm has a market cap of $37,910.00, a PE ratio of 16.93, a PEG ratio of 3.90 and a beta of 0.44.
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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.