National Grid (NGG) Stock Forecast & Price Target

$63.06 -0.21 (-0.33%)

(As of 10:17 AM ET)

National Grid - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 6 Analyst Ratings

Sell
0

Hold
1

Buy
5

Based on 6 Wall Street analysts who have issued ratings for National Grid in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 1 has given a hold rating, and 5 have given a buy rating for NGG.

Consensus Price Target

N/A

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NGG Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	7 Buy rating(s)	3 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Moderate Buy

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NGG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NGG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

National Grid Stock vs. The Competition

Type	National Grid	Utilities Companies	S&P 500
Consensus Rating Score	2.83	2.50	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	N/A	23.05% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent NGG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target
10/3/2024	Citigroup 3 of 5 stars	J. Ping Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
10/2/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Initiated Coverage	Buy
6/12/2024	The Goldman Sachs Group 2 of 5 stars	A. Patel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
4/2/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Outperform
2/5/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
12/11/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
9/28/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight ➝ Overweight
5/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 1,250 ➝ GBX 1,280
4/17/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 1,150 ➝ GBX 1,275
2/13/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform ➝ Outperform
1/23/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 1,210 ➝ GBX 1,100
1/6/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:39 AM ET.

Should I Buy National Grid Stock? NGG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 1, 2024. Please send any questions or comments about these National Grid pros and cons to contact@marketbeat.com.

National Grid
Bull Case

Here are some ways that investors could benefit from investing in National Grid plc:

National Grid plc has shown consistent growth in its stock price, currently trading at $69.60, with a 12-month high of $73.40, indicating potential for capital appreciation.
The company operates in essential sectors like electricity transmission and distribution, providing stable revenue streams even during economic downturns.
National Grid plc has received positive analyst ratings, with multiple firms upgrading the stock to a "buy" rating, indicating confidence in its future performance.
The company's diversified segments, including operations in the UK, New England, and New York, provide geographic diversification and reduce regional risk exposure.
With a debt-to-equity ratio of 1.41, National Grid plc maintains a healthy balance sheet, indicating financial stability and prudent financial management.

National Grid
Bear Case

Investors should be bearish about investing in National Grid plc for these reasons:

While the stock price has shown growth, there may be limited short-term upside potential given the current trading price and recent performance.
The utilities sector, in which National Grid plc operates, is subject to regulatory changes and government policies that could impact profitability and operations.
Investing in National Grid plc may not offer significant short-term gains compared to more volatile sectors, potentially leading to lower returns for investors seeking rapid growth.
Market conditions and interest rate fluctuations can affect the performance of utility stocks like National Grid plc, making them sensitive to macroeconomic factors.
While the company has a stable business model, it may face challenges in adapting to evolving energy trends and technologies, potentially impacting long-term growth prospects.

NGG Forecast - Frequently Asked Questions

: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for National Grid in the last twelve months. There is currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NGG shares.
: According to analysts, National Grid's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, National Grid's stock had 1 downgrade by analysts.
: National Grid has been rated by research analysts at Citigroup, and Deutsche Bank Aktiengesellschaft in the past 90 days.
: Analysts like National Grid more than other "utilities" companies. The consensus rating for National Grid is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how NGG compares to other companies.

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This page (NYSE:NGG) was last updated on 11/21/2024 by MarketBeat.com Staff

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National Grid (NGG) Stock Forecast & Price Target