National Grid Transco, PLC (NYSE:NGG) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• National Grid Transco, PLC has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month target price of $80.40.
• Recent ratings changes include a downgrade from Zacks Research and a cut from Royal Bank of Canada, showing mixed analyst sentiment towards the stock.
• The company's stock is currently trading at $67.97, with a market cap of $67.44 billion and a PE ratio of 13.07.

Shares of National Grid Transco, PLC (NYSE:NGG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $80.40.

A number of research firms recently commented on NGG. BNP Paribas Exane began coverage on National Grid Transco in a report on Thursday, May 29th. They issued an "outperform" rating and a $80.40 price objective for the company. Barclays reiterated an "overweight" rating on shares of National Grid Transco in a report on Friday, May 16th. Wall Street Zen downgraded National Grid Transco from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Royal Bank Of Canada downgraded National Grid Transco from an "outperform" rating to a "sector perform" rating in a report on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of National Grid Transco in a report on Wednesday, May 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Trust Co. of Toledo NA OH acquired a new position in shares of National Grid Transco in the second quarter valued at approximately $31,000. Golden State Wealth Management LLC bought a new position in shares of National Grid Transco during the first quarter worth about $28,000. SJS Investment Consulting Inc. bought a new position in shares of National Grid Transco during the first quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in shares of National Grid Transco during the second quarter worth about $35,000. Finally, Huntington National Bank grew its holdings in shares of National Grid Transco by 41.1% during the second quarter. Huntington National Bank now owns 501 shares of the utilities provider's stock worth $37,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company's stock.

National Grid Transco Trading Down 0.2%

Shares of NGG traded down $0.17 on Wednesday, reaching $69.93. 296,054 shares of the company's stock were exchanged, compared to its average volume of 856,692. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $69.39 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 1.59 and a beta of 0.68. The business has a 50 day moving average price of $71.23 and a two-hundred day moving average price of $69.46. National Grid Transco has a 12 month low of $55.82 and a 12 month high of $74.82.

National Grid Transco Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.