National Grid plc (NGG) Given Coverage Optimism Rating of 0.31
Headlines about National Grid plc (NYSE:NGG) have been trending positive this week, according to Alpha One. The research firm, a unit of Accern, identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. National Grid plc earned a daily sentiment score of 0.31 on Alpha One’s scale. Alpha One also gave news coverage about the utilities provider an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Alpha One Sentiment’s rankings:
- National Grid : Board Change (4-traders.com)
- National Grid plans share consolidation (marketwatch.com)
- National Grid Plans Share Consolidation After 84.4P Special Dividend (foxbusiness.com)
- TOP NEWS: National Grid Prices Special Payout Following Gas Asset Sale (4-traders.com)
- National Grid : org for more about Hope For The Warriors (4-traders.com)
Shares of National Grid plc (NYSE:NGG) traded down 0.76% during mid-day trading on Thursday, reaching $63.60. 621,388 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $62.45 and a 200 day moving average price of $60.95. The stock has a market cap of $47.87 billion, a price-to-earnings ratio of 18.76 and a beta of 0.43. National Grid plc has a 52 week low of $56.50 and a 52 week high of $74.97.
NGG has been the topic of a number of recent analyst reports. Societe Generale raised shares of National Grid plc from a “sell” rating to a “hold” rating in a research report on Friday, March 17th. Zacks Investment Research raised shares of National Grid plc from a “sell” rating to a “hold” rating in a research report on Tuesday, January 3rd. Investec raised shares of National Grid plc from a “hold” rating to a “buy” rating in a research report on Friday, January 13th. Berenberg Bank raised shares of National Grid plc from a “hold” rating to a “buy” rating in a research report on Friday, January 20th. Finally, BNP Paribas raised shares of National Grid plc from an “underperform” rating to a “neutral” rating in a research report on Tuesday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. National Grid plc has an average rating of “Hold” and a consensus target price of $73.00.
National Grid plc Company Profile
National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments 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 (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.
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