National Grid Transc (NYSE:NGG) was downgraded by UBS AG from a “buy” rating to a “neutral” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.
National Grid Transc (NYSE:NGG) opened at 60.38 on Monday. National Grid Transc has a 52-week low of $52.81 and a 52-week high of $64.56. The stock’s 50-day moving average is $58.59 and its 200-day moving average is $59.0. The company has a market cap of $44.265 billion and a price-to-earnings ratio of 12.06.
Separately, analysts at Zacks upgraded shares of National Grid Transc (NYSE:NGG) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, August 23rd. They now have a $58.60 price target on the stock.
Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $61.80.
National Grid plc (NYSE:NGG) is an international electricity and gas company.
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