National Grid plc (NYSE:NGG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of National Grid plc (NYSE:NGG) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

A number of analysts have recently issued reports on the company. BNP Paribas raised National Grid from an “underperform” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft raised National Grid from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Jefferies Financial Group upgraded National Grid from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Finally, StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd.

National Grid Price Performance

NYSE NGG opened at $69.84 on Thursday. The company’s fifty day simple moving average is $67.11 and its 200-day simple moving average is $66.18. National Grid has a 52 week low of $56.40 and a 52 week high of $74.48. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.82.

Institutional Trading of National Grid

Several institutional investors have recently added to or reduced their stakes in NGG. Headlands Technologies LLC acquired a new position in shares of National Grid during the first quarter valued at $27,000. Richardson Financial Services Inc. acquired a new position in National Grid during the 1st quarter valued at about $28,000. Creekmur Asset Management LLC bought a new position in National Grid in the 4th quarter worth about $29,000. Mather Group LLC. acquired a new stake in shares of National Grid in the first quarter valued at approximately $32,000. Finally, Cetera Trust Company N.A bought a new stake in shares of National Grid during the fourth quarter valued at approximately $51,000. Institutional investors own 4.68% of the company’s stock.

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, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.