Stock Rating Upgrade
The Value Trend Rating for National Grid plc (NYSE: NGG) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
National Grid plc (NYSE: NGG) stock rose modestly by 0.8% on 8/9/24. The stock closed at $63.61. However, this advance was accompanied by below average trading volume at 82% of normal. The stock has been weak relative to the market over the last nine months and is unchanged 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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. National Grid plc has a very high Appreciation Score of 90 but a neutral Power Rating of 46, resulting in the Positive Value Trend Rating.
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