HSBC cut shares of National Grid (NYSE:NGG) from a buy rating to a hold rating in a report published on Thursday, Briefing.com Automated Import reports.
Several other brokerages also recently weighed in on NGG. Zacks Investment Research raised shares of National Grid from a sell rating to a hold rating in a research report on Thursday. BNP Paribas downgraded shares of National Grid from an outperform rating to a neutral rating in a research report on Friday, January 10th. Finally, Exane BNP Paribas downgraded shares of National Grid from an outperform rating to a neutral rating in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. National Grid has an average rating of Buy and a consensus target price of $65.00.
Shares of NGG opened at $68.75 on Thursday. The company has a market capitalization of $50.70 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 10.06 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.38. The firm has a 50 day moving average of $64.78 and a 200 day moving average of $58.14. National Grid has a twelve month low of $48.83 and a twelve month high of $69.08.
About National Grid
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.
Featured Story: What is the outlook for the FAANG stocks?
Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.