Analyst Rating Update on National Grid Transco PLC (NGG)

National Grid Transco PLC (NYSE:NGG) : 4 analysts are covering National Grid Transco PLC (NYSE:NGG) and their average rating on the stock is 2.5, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

National Grid Transco PLC (NYSE:NGG) : Currently there are 2 street experts covering National Grid Transco PLC (NYSE:NGG) stock. The most bullish and bearish price target for the stock is $80 and $75 respectively for the short term. The average price target of all the analysts comes to $77.46. The estimated standard deviation from the target is $3.59.

Company shares have received an average consensus rating of Hold for the current week

National Grid Transco PLC (NYSE:NGG): stock turned positive on Tuesday. Though the stock opened at $69.95, the bulls momentum made the stock top out at $69.95 level for the day. The stock recorded a low of $68.92 and closed the trading day at $69.84, in the green by 3.24%. The total traded volume for the day was 737,880. The stock had closed at $67.65 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.