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HSBC downgraded National Grid (NYSE:NGG) from Buy to Hold in a report released today.

Just yesterday National Grid (NYSE:NGG) traded 1.18% higher at $65.09. National Grid’s 50-day moving average is $63.58 and its 200-day moving average is $66.43. The last stock price is down -1.59% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 718,839 shares of NGG traded hands, up from an average trading volume of 407,444

HSBC has downgraded National Grid (NYSE:NGG) from Buy to Hold in a report released on 6/21/2017.

Recent Performance Chart

National Grid (NYSE:NGG)

National Grid has 52 week low of $60.08 and a 52 week high of $79.56 with a PE ratio of 4.50 and has a market capitalization of $0.

In addition to HSBC reporting its stock price target, a total of 2 brokerages have issued a ratings update on the company. The average stock price target is $71.67 with 0 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On National Grid (NYSE:NGG)

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. Its other activities relate to non-regulated businesses and other commercial operations not included within the above segments.

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