Extremely important positive changes in investment behavior have recently occurred for National Grid plc (NYSE: NGG): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Important positive changes in fundamentals have recently occurred for National Grid plc (NYSE: NGG): the consensus estimate for March, 2025 increased significantly, and the consensus estimate for March, 2024 increased significantly.
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
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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. National Grid plc has a very high Appreciation Score of 90 but a neutral Power Rating of 45, with the Positive Value Trend Rating the result.
Recent Price Action
National Grid plc (NYSE: NGG) stock closed at $65.19 on 8/20/24 after a slight gain of 0.3%. However, trading volume in this advance was exceptionally low at 34% of normal. The stock has risen 2.6% during the last week but has been weak relative to the market over the last nine months.
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