Rating Flow: Goldman Covers National Grid (NYSE:NGG). What Is Next?

November 29, 2016 - By Ruchi Gupta

Rating Flow: Goldman Covers National Grid (NYSE:NGG). What Is Next?

How Goldman Rates National Grid (NYSE:NGG)

In a report sent to clients and investors on Tuesday morning, Goldman analyst just has started coverage of National Grid (NYSE:NGG) with “Sell” rating.

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

About 89,351 shares traded hands. National Grid plc (ADR) (NYSE:NGG) has declined 18.20% since April 26, 2016 and is downtrending. It has underperformed by 23.46% the S&P500.

National Grid plc 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 has a market cap of $44.02 billion. 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 United Kingdom liquefied natural gas 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. It has a 17.33 P/E ratio.

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.”

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.

More news for National Grid plc (ADR) (NYSE:NGG) were recently published by: Fool.com, which released: “National Grid plc (ADR) Reports Solid Year, Moves Forward Under New CEO” on May 27, 2016. Marketwatch.com‘s article titled: “/quotes/zigman/3870025/realtime” and published on May 29, 2009 is yet another important article.

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