National Grid plc (NYSE: NGG) stock suffered a major decline of -14.3% on 5/23/24. The shares closed at $61.72. Moreover, trading volume in this decline was exceptionally high at 513% of normal. The stock has performed in line with the market over the last nine months and has declined -15.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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 A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. National Grid plc has a neutral Power Rating of 60 but a good Appreciation Score of 85, producing the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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