Brokerage Firm Rating Update on National Grid Transco PLC (NGG)

National Grid Transco PLC (NGG) : Zacks Investment Research ranks National Grid Transco PLC (NGG) as 4, which is a Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.6, which indicates as a Hold.

National Grid Transco PLC (NGG) : The most positive equity analysts on National Grid Transco PLC (NGG) expects the shares to touch $76, whereas, the least positive believes that the stock will trade at $74 in the short term. The company is covered by 2 Wall Street Brokerage Firms. The average price target for shares are $75.1 with an expected fluctuation of $1.28 from the mean.


Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, RBC Capital downgrades its rating on National Grid Transco PLC (NYSE:NGG).The analysts at the brokerage house have a current rating of Sector Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 29, 2016.

National Grid Transco PLC (NYSE:NGG): stock was range-bound between the intraday low of $71.42 and the intraday high of $71.8439 after having opened at $71.5 on Wednesdays session. The stock finally closed in the red at $71.5, a loss of -0.65%. The stock remained in the red for the whole trading day. The total traded volume was 348,116 shares. The stock failed to cross $71.8439 in Wednesdays trading. The stocks closing price on Thursday was $72.14.

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.

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