Alert: Mixed Investment/Fundamental Signals (11/20/23)-National Grid plc (NYSE: NGG)


Extremely significant positive changes in National Grid plc (NYSE: NGG) investment behavior have recently occurred: its shorter term price trend turned up, its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.

Positive development: significant quarterly earnings acceleration occurred. Negative development: the stock’s power rating fell below 50.

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

NGG is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

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 good Appreciation Score of 84 but a neutral Power Rating of 48, with the Positive Value Trend Rating the result.

Recent Price Action

National Grid plc (NYSE: NGG) stock closed at $65.19 on 11/20/23 after an increase of 1.2%. The stock has risen 6.9% during the last week and has performed in line with the market over the last nine months.

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