National Grid plc (ADR) (NGG) is Downgraded by Macquarie to Underperform

National Grid plc (ADR) (NGG) was Downgraded by Macquarie to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Macquarie advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on National Grid plc (ADR). National Grid plc (ADR) was Upgraded by JP Morgan to ” Overweight” on May 4, 2016. Shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight” and Lowered the Price Target to $ 74 from a previous price target of $75 .

National Grid plc (ADR) opened for trading at $71.5 and hit $72.64 on the upside on Wednesday, eventually ending the session at $72.54, with a gain of 0.12% or 0.09 points. The heightened volatility saw the trading volume jump to 8,28,624 shares. Company has a market cap of $56,461 M.

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 Company’s UK Gas Distribution includes four of the eight regional networks of Great Britain’s 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 Company’s 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.

National Grid plc (ADR)

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