National Grid - NGG Stock Forecast, Price & News

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, and New York segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales. The UK Electricity System Operator segment provides balancing services for supply and demand of electricity on Great Britain's electricity transmission system; and acts as an agent on behalf of transmission operators. The New England segment offers electricity and gas distribution, and electricity transmission services in New England. The New York segment provides electricity and gas distribution, and electricity transmission services in New York. It also engages in the provision of transmission services through electricity interconnectors and LNG importation at the Isle of Grain; sale of renewables projects; and leasing and sale of commercial property, as well as insurance activities in the United Kingdom. The company was founded in 1990 and is headquartered in London, the United Kingdom.

Analyst Ratings Changes

NGG has been the subject of several research analyst reports. StockNews.com downgraded National Grid from a "buy" rating to a "hold" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered shares of National Grid from a "buy" rating to a "hold" rating in a research report on Monday, April 25th. Credit Suisse Group upped their price target on shares of National Grid from GBX 1,200 ($14.50) to GBX 1,225 ($14.80) in a research report on Friday, June 24th. Investec cut National Grid to a "buy" rating in a report on Thursday, April 21st. Finally, Berenberg Bank cut National Grid from a "buy" rating to a "hold" rating in a report on Thursday, April 21st. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $1,145.00.

National Grid Stock Down 0.2 %

NGG opened at $71.41 on Thursday. The company's 50 day simple moving average is $66.82 and its two-hundred day simple moving average is $72.05. National Grid has a 1-year low of $59.53 and a 1-year high of $80.20. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.73 and a quick ratio of 0.70.

National Grid Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, August 17th. Investors of record on Monday, June 6th were given a dividend of $1.1573 per share. The ex-dividend date of this dividend was Friday, June 3rd. This represents a yield of 4.1%.