National Grid plc (NYSE: NGG) has recently experienced extremely important negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and its longer term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
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 56 but a very high Appreciation Score of 89, producing the Highest Value Trend Rating.
Recent Price Action
National Grid plc (NYSE: NGG) stock closed at $58.09 on 5/30/24 after a slight decline of -0.8%. Moreover, exceptionally high trading volume at 336% of normal accompanied the decline. The stock has declined -20.1% during the last week and has performed in line with the market over the last nine months.
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