The stock of National Grid plc (ADR) (NYSE:NGG) is a huge mover today! About 654,302 shares traded hands or 31.14% up from the average. National Grid plc (ADR) (NYSE:NGG) has declined 0.62% since March 4, 2016 and is downtrending. It has underperformed by 8.66% the S&P500.
The move comes after 9 months negative chart setup for the $47.79 billion company. It was reported on Oct, 7 by Barchart.com. We have $61.66 PT which if reached, will make NYSE:NGG worth $2.87B less.
National Grid plc (ADR) (NYSE:NGG) Ratings Coverage
Out of 8 analysts covering National Grid (NYSE:NGG), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. National Grid has been the topic of 9 analyst reports since September 18, 2015 according to StockzIntelligence Inc. As per Thursday, May 19, the company rating was maintained by Barclays Capital. The company was upgraded on Wednesday, May 4 by JP Morgan. As per Friday, September 18, the company rating was upgraded by Macquarie Research. The stock of National Grid plc (ADR) (NYSE:NGG) earned “Outperform” rating by RBC Capital Markets on Thursday, November 19. On Friday, October 9 the stock rating was downgraded by Bank of America to “Neutral”. The rating was downgraded by RBC Capital Markets on Friday, July 29 to “Sector Perform”. The stock has “Hold” rating given by Jefferies on Friday, November 6. The rating was downgraded by Bernstein on Wednesday, September 7 to “Mkt Perform”. The rating was initiated by Argus Research on Thursday, April 7 with “Hold”.
According to Zacks Investment Research, “NATIONAL GRID -ADR is an international energy delivery business, whose principal activities are in the regulated electricity and gas industries. They own and operate the high-voltage electricity transmission network in England and Wales, and Britain’s natural gas transportation system. In the US they are one of the top ten electricity companies, with the largest electricity transmission and distribution network in the New England/New York region.”
More notable recent National Grid plc (ADR) (NYSE:NGG) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on May 29, 2009, also Fool.com with their article: “National Grid plc (ADR) Reports Solid Year, Moves Forward Under New CEO” published on May 27, 2016, Seekingalpha.com published: “National Grid: Buy For Stability And Yield” on November 11, 2013. More interesting news about National Grid plc (ADR) (NYSE:NGG) were released by: Fool.com and their article: “What These Ratios Tell Us About National Grid” published on June 24, 2013 as well as Fool.com‘s news article titled: “The Biggest Problem With National Grid Transco, PLC Stock” with publication date: May 07, 2016.
NGG Company Profile
National Grid plc, incorporated on July 11, 2000, is an electricity and gas utility firm focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s divisions 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 UK 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. The Company’s other activities relate to non-regulated businesses and other commercial activities not included within the above divisions, including the United Kingdom gas metering activities; the Great Britain-France Interconnector; the United Kingdom property management; a United Kingdom LNG import terminal (National Grid Grain LNG Limited); the United States LNG operations; the United States unregulated transmission pipelines; together with corporate activities.
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