Breaking: National Grid plc (ADR) Just Recorded A Sigfniciant Increase

Breaking: National Grid plc (ADR) Just Recorded A Sigfniciant Increase

The stock of National Grid plc (ADR) (NYSE:NGG) is a huge mover today! About 361,485 shares traded hands. National Grid plc (ADR) (NYSE:NGG) has declined 15.19% since April 11, 2016 and is downtrending. It has underperformed by 21.33% the S&P500.
The move comes after 5 months positive chart setup for the $42.32 billion company. It was reported on Nov, 11 by Barchart.com. We have $82.93 PT which if reached, will make NYSE:NGG worth $15.66B more.

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 Friday, November 6, the company rating was downgraded by Jefferies. The firm has “Overweight” rating given on Thursday, May 19 by Barclays Capital. As per Friday, October 9, the company rating was downgraded by Bank of America. The rating was downgraded by Bernstein to “Mkt Perform” on Wednesday, September 7. The stock of National Grid plc (ADR) (NYSE:NGG) earned “Hold” rating by Argus Research on Thursday, April 7. The stock of National Grid plc (ADR) (NYSE:NGG) has “Neutral” rating given on Friday, September 18 by Macquarie Research. The stock of National Grid plc (ADR) (NYSE:NGG) has “Outperform” rating given on Thursday, November 19 by RBC Capital Markets. The firm earned “Sector Perform” rating on Friday, July 29 by RBC Capital Markets. The stock has “Overweight” rating given by JP Morgan on Wednesday, May 4.

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 recent National Grid plc (ADR) (NYSE:NGG) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on May 29, 2009. Also Fool.com published the news titled: “National Grid plc (ADR) Reports Solid Year, Moves Forward Under New CEO” on May 27, 2016. Fool.com‘s news article titled: “The Biggest Problem With National Grid Transco, PLC Stock” with publication date: May 07, 2016 was also an interesting one.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment