Somewhat Positive News Coverage Somewhat Unlikely to Impact National Grid (NGG) Share Price
News articles about National Grid (NYSE:NGG) have trended somewhat positive on Saturday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. National Grid earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 45.7533323025208 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Brave the Market Correction With These 6 Defensive Stocks – Nasdaq (nasdaq.com)
- Is MPSC Verdict a Respite for Southern Company's Kemper? (finance.yahoo.com)
- National Grid (NGG) Shares Enter Oversold Territory – Nasdaq (nasdaq.com)
A number of research firms have recently issued reports on NGG. Zacks Investment Research raised shares of National Grid from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. ValuEngine raised shares of National Grid from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Deutsche Bank raised shares of National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. JPMorgan Chase & Co. reissued a “buy” rating on shares of National Grid in a research note on Wednesday, November 15th. Finally, Credit Suisse Group raised shares of National Grid from an “underperform” rating to a “neutral” rating in a research note on Monday, November 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. National Grid has a consensus rating of “Hold” and a consensus price target of $67.00.
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About National Grid
National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.
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