Shares of National Grid Transco, PLC (NYSE:NGG – Get Free Report) have earned a consensus recommendation of “Reduce” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $85.50.
NGG has been the subject of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a research report on Friday, May 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Grid Transco in a report on Monday, June 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of National Grid Transco in a research note on Friday, July 17th. Wall Street Zen lowered shares of National Grid Transco from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Citigroup reissued a “neutral” rating on shares of National Grid Transco in a research report on Tuesday, April 28th.
Check Out Our Latest Analysis on NGG
Institutional Trading of National Grid Transco
National Grid Transco Price Performance
NGG stock opened at $82.23 on Wednesday. The stock’s 50 day moving average is $81.68 and its two-hundred day moving average is $85.27. National Grid Transco has a 52-week low of $67.51 and a 52-week high of $94.64. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 0.76.
About National Grid Transco
National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.
Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.
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