National Grid Transco PLC (NGG) : 1 brokerage houses believe that National Grid Transco PLC (NGG) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on National Grid Transco PLC (NGG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 2.6.
National Grid Transco PLC (NGG) : Currently there are 2 street experts covering National Grid Transco PLC (NGG) stock. The most bullish and bearish price target for the stock is $76 and $75 respectively for the short term. The average price target of all the analysts comes to $75.27. The estimated standard deviation from the target is $1.03.
Also, Brokerage firm Bernstein downgrades its rating on National Grid Transco PLC (NYSE:NGG). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on September 7, 2016.
National Grid Transco PLC (NYSE:NGG): After opening at $69.62, the stock dipped to an intraday low of $69.28 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $69.8799 and the buying power remained strong till the end. The stock closed at $69.82 for the day, a gain of 0.59% for the day session. The total traded volume was 492,192. The stocks close on the previous trading day was $69.41.
National Grid Plc is an electricity and gas utility company. The UK Electricity Transmission includes high voltage electricity transmission networks in Great Britain. Its UK Gas Transmission provides the gas transmission network in Great Britain and UK liquefied natural gas (LNG) storage activities. The Companys UK Gas Distribution includes four of the eight regional networks of Great Britains gas distribution system. US Regulated 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 and Massachusetts. The Companys activities primarily relate to non-regulated businesses and other commercial operations, including United Kingdom based gas and electricity metering activities; UK property management; a UK LNG import terminal; other LNG operations, and US unregulated transmission pipelines.