National Grid Transco, PLC (NGG) Stock Rating Reaffirmed by J P Morgan Chase & Co
National Grid Transco, PLC (NYSE:NGG)‘s stock had its “buy” rating reaffirmed by investment analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Wednesday.
NGG has been the topic of several other reports. Zacks Investment Research lowered National Grid Transco, PLC from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub raised National Grid Transco, PLC from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Berenberg Bank raised National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $69.00.
National Grid Transco, PLC (NYSE NGG) traded down $0.05 during mid-day trading on Wednesday, hitting $59.30. The company had a trading volume of 402,900 shares, compared to its average volume of 509,794. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.32. National Grid Transco, PLC has a twelve month low of $58.80 and a twelve month high of $75.24.
National Grid Transco, PLC 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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