National Grid plc (NYSE: NGG) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent notable positive changes in fundamentals have benefitted National Grid plc (NYSE: NGG). Positive developments: the consensus estimate for March, 2024 increased significantly, the consensus estimate for March, 2023 increased significantly, and significant quarterly earnings acceleration occurred. Negative development: the stock’s power rating fell below 50.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NGG is expected to continue to be an important Value Builder.
National Grid plc has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. National Grid plc has a good Appreciation Score of 84 but a neutral Power Rating of 45, resulting in the Positive Value Trend Rating.
Recent Price Action
On 12/5/23, National Grid plc (NYSE: NGG) stock rose slightly by 0.05%, closing at $66.24. Moreover, above average trading volume at 126% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 1.3% during the last week.
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