Credit Suisse Group upgraded shares of National Grid (NYSE:NGG) from a neutral rating to an outperform rating in a research note published on Thursday, BenzingaRatingsTable reports.
A number of other analysts have also recently commented on NGG. Zacks Investment Research raised shares of National Grid from a sell rating to a hold rating in a report on Wednesday, July 24th. Deutsche Bank raised shares of National Grid from a hold rating to a buy rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $61.00.
Shares of NGG traded up $0.45 during mid-day trading on Thursday, hitting $58.21. 690,505 shares of the company traded hands, compared to its average volume of 561,151. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The stock has a 50-day moving average price of $53.31 and a two-hundred day moving average price of $52.91. National Grid has a 1 year low of $46.36 and a 1 year high of $59.01. The stock has a market cap of $42.60 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 11.24 and a beta of 0.43.
National Grid Company Profile
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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