National Grid plc (NYSE:NGG – Get Rating) reached a new 52-week low on Monday . The stock traded as low as $59.36 and last traded at $59.38, with a volume of 416 shares. The stock had previously closed at $59.83.
Analysts Set New Price Targets
Several equities analysts recently weighed in on NGG shares. Jefferies Financial Group cut National Grid from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Credit Suisse Group boosted their price objective on National Grid from GBX 1,200 ($14.50) to GBX 1,225 ($14.80) in a research report on Friday, June 24th. Finally, StockNews.com lowered National Grid from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1,145.00.
National Grid Stock Performance
The firm has a 50 day moving average price of $66.68 and a two-hundred day moving average price of $70.55. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 1.40.
Institutional Investors Weigh In On National Grid
About National Grid
National Grid plc transmits and distributes electricity and gas. The company operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, and New York segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.
- Get a free copy of the StockNews.com research report on National Grid (NGG)
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