Stock Buzzer: National Grid plc (ADR)’s Stock Is Sell After Reaching 52-Week Low

Stock Buzzer: National Grid plc (ADR)'s Stock Is Sell After Reaching 52 Week Low

The stock of National Grid plc (ADR) (NYSE:NGG) hit a new 52-week low and has $57.26 target or 9.00% below today’s $62.92 share price. The 9 months bearish chart indicates high risk for the $46.40B company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $57.26 price target is reached, the company will be worth $4.18B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 357,271 shares traded hands. National Grid plc (ADR) (NYSE:NGG) has declined 9.26% since April 5, 2016 and is downtrending. It has underperformed by 11.22% the S&P500.

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

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.”

More important recent National Grid plc (ADR) (NYSE:NGG) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on May 29, 2009, also Fool.com published article titled: “National Grid plc (ADR) Reports Solid Year, Moves Forward Under New CEO”, Fool.com published: “The Biggest Problem With National Grid Transco, PLC Stock” on May 07, 2016. More interesting news about National Grid plc (ADR) (NYSE:NGG) was released by: Seekingalpha.com and their article: “National Grid: Buy For Stability And Yield” with publication date: November 11, 2013.

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.

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