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Why National Grid plc (NGG) Stock Could See Much Higher Prices Ahead

National Grid plc (NYSE: NGG) is -10.04% lower on its value in year-to-date trading and has touched a low of $59.53 and a high of $80.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NGG stock was last observed hovering at around $66.25 in the last trading session, with the day’s loss setting it -1.19% off its average median price target of $75.49 for the next 12 months. It is also 19.6% off the consensus price target high of $80.92 offered by 11 analysts, but current levels are 0.31% higher than the price target low of $65.26 for the same period.

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Currently trading at $65.06, the stock is -0.49% and -5.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.31 million and changing -1.80% at the moment leaves the stock -7.74% off its SMA200. NGG registered 2.68% gain for a year compared to 6-month loss of -12.18%.

The stock witnessed a 2.89% gain in the last 1 month and extending the period to 3 months gives it a -15.85%, and is -0.85% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.09% over the week and 1.33% over the month.

National Grid plc (NGG) has around 30756 employees, a market worth around $46.72B and $21.59B in sales. Current P/E ratio is 18.35. Profit margin for the company is 12.90%. Distance from 52-week low is 9.28% and -18.88% from its 52-week high. The company has generated returns on investments over the last 12 months (4.50%).

National Grid plc (NGG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for National Grid plc (NGG) is a “Hold”. 11 analysts offering their recommendations for the stock have an average rating of 2.00, where 7 rate it as a Hold and 1 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

The EPS is expected to grow by 63.90% this year.

National Grid plc (NGG) Top Institutional Holders

The shares outstanding are 725.80M, and float is at 695.00M with Short Float at 0.09%.

National Grid plc (NGG): Who are the competitors?

The company’s main competitors (and peers) include Avangrid Inc. (AGR) that is trading -12.66% down over the past 12 months.

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