National Grid (NYSE:NGG - Get Free Report) was upgraded by BNP Paribas from an "underperform" rating to an "outperform" rating in a note issued to investors on Tuesday, Marketbeat.com reports.
Other analysts have also recently issued research reports about the company. Jefferies Financial Group raised National Grid from a "hold" rating to a "buy" rating in a research report on Monday, February 5th. Deutsche Bank Aktiengesellschaft raised National Grid from a "hold" rating to a "buy" rating in a research report on Tuesday, January 16th. StockNews.com cut National Grid from a "hold" rating to a "sell" rating in a research report on Monday, March 11th. Finally, UBS Group raised National Grid from a "neutral" rating to a "buy" rating in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, National Grid has a consensus rating of "Moderate Buy" and an average target price of $1,201.67.
Check Out Our Latest Report on National Grid
National Grid Stock Performance
NGG traded up $0.19 during trading on Tuesday, reaching $68.02. 320,993 shares of the stock traded hands, compared to its average volume of 417,814. National Grid has a fifty-two week low of $56.40 and a fifty-two week high of $74.48. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.82. The stock's 50-day simple moving average is $66.90 and its two-hundred day simple moving average is $65.11.
Hedge Funds Weigh In On National Grid
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creekmur Asset Management LLC bought a new position in National Grid during the fourth quarter valued at about $29,000. Fairfield Bush & CO. bought a new stake in shares of National Grid in the 1st quarter valued at approximately $36,000. Tower Research Capital LLC TRC grew its stake in shares of National Grid by 57.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 661 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 240 shares during the period. Cetera Trust Company N.A bought a new stake in National Grid during the 4th quarter worth approximately $51,000. Finally, Exchange Traded Concepts LLC bought a new stake in National Grid during the 3rd quarter worth approximately $52,000. 4.68% of the stock is currently owned by institutional investors.
National Grid Company Profile
(
Get Free Report)
National Grid plc transmits and distributes electricity and gas. The company 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.
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