National Grid plc (ADR) (NGG) was Downgraded by Bernstein to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Bernstein advised their investors in a research report released on Sep 7, 2016.
National Grid plc (ADR) opened for trading at $70.14 and hit $70.14 on the upside on Thursday, eventually ending the session at $69.85, with a gain of 0.52% or 0.36 points. The heightened volatility saw the trading volume jump to 3,91,815 shares. Company has a market cap of $54,819 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.