In a report released today, Marcin Wojtal from Bank of America Securities reiterated a Buy rating on National Grid Transco (NGG – Research Report). The company’s shares closed yesterday at $66.84.
According to TipRanks, Wojtal is an analyst with an average return of -3.3% and a 50.00% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for National Grid Transco with a $70.00 average price target.
NGG market cap is currently $49.12B and has a P/E ratio of 5.31.
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National Grid Transco (NGG) Company Description:
UK-based National Grid Plc transmits and distributes electricity and gas. It operates through the following segments: UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other.
Read More on NGG:
- National Grid price target raised to 1,275 GBp from 1,225 GBp at JPMorgan
- National Grid Forecasts Stable EPS Growth
- National Grid upgraded to Outperform from Underperform at Exane BNP Paribas
- National Grid Announces Shareholding Changes
- National Grid to invest $4B to upgrade its energy delivery system
