National Grid (NGG) Stock Forecast & Price Target

$68.79

-1.26 (-1.80%)

(As of 10/2/2024 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

Buy

Based on 6 Analyst Ratings

Sell
0

Hold
0

Buy
6

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 "Buy." Out of the 6 analysts, 6 have given a buy rating for NGG.

Consensus Price Target

N/A

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NGG Analyst Ratings Over Time

Type	Current Forecast 10/3/23 to 10/2/24	1 Month Ago 9/3/23 to 9/2/24	3 Months Ago 7/5/23 to 7/4/24	1 Year Ago 10/3/22 to 10/3/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	2 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	Buy	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	3.00	2.48	2.50
Consensus Rating	Buy	Hold	Hold
Predicted Upside	N/A	15.88% Upside	6.85% 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
10/2/2024	Deutsche Bank Aktiengesellschaft 2 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
6/3/2024	Citigroup 3 of 5 stars		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
11/15/2022	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:34 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 Monday, September 30, 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 $67.62, with a 12-month high of $73.40.
The company operates in various segments including UK Electricity Transmission, UK Electricity Distribution, and National Grid Ventures, providing diversified revenue streams.
Recent analyst reports have upgraded National Grid from a "neutral" rating to a "buy" rating, indicating positive sentiment from Wall Street.
Strong financial ratios such as a current ratio of 0.91 and a quick ratio of 0.84 suggest a healthy liquidity position.
National Grid plc plays a crucial role in transmitting and distributing electricity and gas, essential services with stable demand.

National Grid
Bear Case

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

The debt-to-equity ratio of 1.41 may indicate a relatively high level of debt compared to equity, potentially increasing financial risk.
The company's stock has experienced fluctuations, with a 12-month low of $55.13, suggesting volatility in the market.
Ownership by institutional investors stands at 4.68%, which could lead to limited influence for individual retail investors.
While the company has a history of dividend payments, changes in regulatory environments could impact future dividend yields.
Market conditions and geopolitical factors can influence the energy sector, affecting National Grid plc's operations and financial performance.

NGG Forecast - Frequently Asked Questions

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