Recent notable negative changes in fundamentals have impacted National Grid plc (NYSE: NGG): the stock’s power rating fell below 50, the consensus estimate for March, 2024 decreased significantly, and the consensus estimate for March, 2025 decreased significantly.
Recent meaningful negative changes in investment behavior have impacted National Grid plc (NYSE: NGG): the stock’s recent price decline challenged its longer term uptrend.
In light of these highly negative signals we are reviewing our current Overall Rating of B. 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 B (Positive). 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 45, producing the Positive Value Trend Rating.
Recent Price Action
National Grid plc (NYSE: NGG) stock closed at $65.12 on 10/29/24 after a modest decline of -1.3%. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -2.8% during the last week.
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