National Grid plc (NYSE: NGG) is 5.40% higher on its value in year-to-date trading and has touched a low of $47.22 and a high of $80.20 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NGG stock was last observed hovering at around $64.64 in the last trading session, with the day’s loss setting it -1.06% off its average median price target of $70.25 for the next 12 months. It is also 15.81% off the consensus price target high of $75.52 offered by 14 analysts, but current levels are -25.01% lower than the price target low of $50.86 for the same period.
Currently trading at $63.58, the stock is 0.70% and 0.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing -1.64% at the moment leaves the stock 1.86% off its SMA200. NGG registered -12.77% loss for a year compared to 6-month gain of 1.86%.
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The stock witnessed a -0.24% loss in the last 1 month and extending the period to 3 months gives it a 1.79%, and is 2.45% up 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 1.72% over the week and 1.38% over the month.
National Grid plc (NGG) has around 30756 employees, a market worth around $46.26B and $24.76B in sales. Current P/E ratio is 13.30. Profit margin for the company is 15.10%. Distance from 52-week low is 34.65% and -20.72% 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 “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.00, where 6 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 1 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 730.20M, and float is at 697.31M with Short Float at 0.10%.
National Grid plc (NGG): Who are the competitors?
The company’s main competitors (and peers) include Avangrid Inc. (AGR) that is trading -10.30% down over the past 12 months.