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National Grid (NYSE:NGG) has been downgraded from Hold to Sell in a statement by Deutsche Bank earlier today.

Yesterday National Grid (NYSE:NGG) traded 0.38% higher at $66.57. The company’s 50-day moving average is $63.76 and its 200-day moving average is $66.04. The last closing price is up -4.12% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 319 shares of the stock were exchanged, down from an average trading volume of 380,058

Deutsche Bank has downgraded National Grid (NYSE:NGG) from Hold to Sell in a statement released on 6/8/2017.

Previously on Friday May 26, 2017, Zacks Investment Research reported on National Grid (NYSE:NGG) raised the target price from $0.00 to $79.00. At the time, this indicated a possible upside of 0.12%.

See Chart Below

National Grid (NYSE:NGG)

National Grid has a 52 week low of $60.08 and a 52 week high of $75.24 with a P/E ratio of 4.27 The company’s market cap is currently $0.

In addition to Deutsche Bank reporting its target price, a total of 2 brokers have issued a report on the stock. The consensus target price is $71.67 with 0 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About 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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