National Grid PLC (NGG) Shares Gap Up to $69.85
National Grid PLC (NYSE:NGG)’s share price gapped up before the market opened on Monday . The stock had previously closed at $69.01, but opened at $69.85. National Grid PLC shares last traded at $71.65, with a volume of 736,500 shares traded.
Several brokerages have recently commented on NGG. Zacks Investment Research raised shares of National Grid PLC from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Wednesday, June 1st. Deutsche Bank AG reaffirmed a “hold” rating on shares of National Grid PLC in a research report on Tuesday, May 17th. Royal Bank Of Canada cut shares of National Grid PLC from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 29th. RBC Capital Markets cut shares of National Grid PLC from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 29th. Finally, Barclays PLC raised their target price on shares of National Grid PLC from $74.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, May 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.50.
The stock has a market cap of $53.69 billion and a P/E ratio of 15.82. The company’s 50 day moving average is $71.74 and its 200 day moving average is $71.31.
National Grid Plc is an electricity and gas utility company. The UK Electricity Transmission includes high voltage electricity transmission networks in Great Britain. Its UK Gas Transmission provides the gas transmission network in Great Britain and UK liquefied natural gas (LNG) storage activities. The Company’s UK Gas Distribution includes four of the eight regional networks of Great Britain’s gas distribution system.
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