National Grid plc (ADR) (NGG) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 80 from a previous price target of $74 . Barclays advised their investors in a research report released on May 19, 2016.
Many Wall Street Analysts have commented on National Grid plc (ADR). National Grid plc (ADR) was Downgraded by Macquarie to ” Underperform” on May 5, 2016. 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 $72.87 and hit $73.52 on the upside on Monday, eventually ending the session at $73.46, with a gain of 0.55% or 0.4 points. The heightened volatility saw the trading volume jump to 4,16,781 shares. Company has a market cap of $57,177 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 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.