National Grid Transco, PLC (NYSE:NGG) was upgraded by equities researchers at Berenberg Bank from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, August 1st, Marketbeat reports.
Other analysts have also recently issued research reports about the company. BidaskClub cut National Grid Transco, PLC from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Citigroup Inc. upgraded National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded National Grid Transco, PLC from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Saturday, June 17th. Bank of America Corporation upgraded National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research note on Monday, May 15th. Finally, HSBC Holdings plc upgraded National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $70.50.
National Grid Transco, PLC (NYSE NGG) opened at 62.78 on Tuesday. The company has a 50-day moving average price of $62.43 and a 200 day moving average price of $66.58. National Grid Transco, PLC has a 1-year low of $60.08 and a 1-year high of $79.56. The firm has a market capitalization of $43.21 billion, a price-to-earnings ratio of 4.29 and a beta of 0.45.
About National Grid Transco, PLC
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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