National Grid Transco, PLC (NGG) Receiving Somewhat Favorable Press Coverage, Report Finds
Media stories about National Grid Transco, PLC (NYSE:NGG) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. National Grid Transco, PLC earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 46.7547336392545 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- TCN calls for increase in electricity tariff (guardian.ng)
- TransCo may bid for project linking Visayas, Mindanao grids (bworldonline.com)
- Govt-owned Transco to compete vs telcos (businessmirror.com.ph)
- TransCo plans to enter telecoms; will ask Congress to change charter (bworldonline.com)
- Power sector records total collapse (vanguardngr.com)
NGG has been the subject of several recent analyst reports. Deutsche Bank AG lowered National Grid Transco, PLC from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. BidaskClub upgraded National Grid Transco, PLC from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Berenberg Bank upgraded National Grid Transco, PLC from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded National Grid Transco, PLC from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Citigroup Inc. upgraded National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a report on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. National Grid Transco, PLC currently has an average rating of “Hold” and a consensus target price of $69.00.
Shares of National Grid Transco, PLC (NYSE NGG) opened at 62.39 on Friday. The firm has a market capitalization of $42.94 billion, a PE ratio of 4.20 and a beta of 0.43. National Grid Transco, PLC has a 12-month low of $60.08 and a 12-month high of $75.29. The company has a 50-day moving average price of $63.78 and a 200 day moving average price of $66.22.
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About National Grid Transco, PLC
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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