Taking a broader look at the brokerage consensus, sell-side analysts have a price target of $68.69 on the shares of National Grid Transco, PLC (NYSE:NGG). This is the average taken from the individual analysts, which provided targets as calculated by Thomson Reuters First Call.
Brokerage analysts are expecting that National Grid Transco, PLC Nati will report earnings of $0.00 per share for next quarter. For the current year, sell-side firms are anticipating earnings of $4.10 per share. Technical Look On a technical level National Grid Transco, PLC (NYSE:NGG) has a 50 Day Moving Average of $58.50. Based on a recent trade, this puts the equity at +2.16% away from that average.
In comparing the stock’s current level to its extended history, the stock is trading -20.29% away from its 52 week high of $74.97 and +5.77% away from the stock’s low point over the past 52 weeks, which was $56.50. The price to earnings ratio or the valuation ratio of a company’s current share price compared to its per-share earnings sits at 17.60.
This is an important indicator as a higher ratio typically suggests that investors are expecting higher future earnings growth compared to companies in the same industry with lower price to earnings ratios. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 14.58. Investors looking further ahead will note that the Price to next year’s EPS is 14.09.
Today the stock of National Grid Transco, PLC (NYSE:NGG) opened the current trading session at $60.00 and at the time of writing the last Bid was at $59.76. In the current session the stock reached as high as $60.05 and dipped down to $59.57. National Grid Transco, PLC Nati, a NYQ listed company, has a current market cap of $44.98B and on average over the past 3 months has seen 727956 shares trade hands on a daily basis.
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