Shares of National Grid plc (NYSE:NGG) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company.
A number of brokerages recently weighed in on NGG. Zacks Investment Research upgraded shares of National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Credit Suisse Group upgraded shares of National Grid from a “neutral” rating to an “outperform” rating in a report on Thursday, October 17th. Finally, Deutsche Bank upgraded shares of National Grid from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd.
Shares of NGG stock traded down $0.24 during trading on Thursday, reaching $58.19. The company’s stock had a trading volume of 360,000 shares, compared to its average volume of 560,421. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.70 and a quick ratio of 0.65. The company has a market capitalization of $42.58 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 11.23 and a beta of 0.44. The stock’s 50-day moving average price is $56.70 and its 200 day moving average price is $53.49. National Grid has a 1-year low of $46.36 and a 1-year high of $59.50.
National Grid Company Profile
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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