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National Grid (NG) Stock Forecast & Price Target

GBX 947
+12.40 (+1.33%)
(As of 07/22/2024 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

Based on 4 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 4 analysts, 3 have given a buy rating, and 1 has given a strong buy rating for NG.

Consensus Price Target

GBX 1,238.75
High ForecastGBX 1,330
Average ForecastGBX 1,238.75
Low ForecastGBX 1,125

According to the 4 analysts' twelve-month price targets for National Grid, the average price target is GBX 1,238.75. The highest price target for NG is GBX 1,330, while the lowest price target for NG is GBX 1,125. The average price target represents a forecasted upside of 30.81% from the current price of GBX 947.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Buy
Buy
Moderate Buy
Hold
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
2 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetGBX 1,238.75GBX 1,251.67GBX 1,212GBX 1,126
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NG 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.
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NG 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.
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National Grid Stock vs. The Competition

TypeNational GridUtilities Companies
Consensus Rating Score
3.25
2.47
Consensus RatingBuyHold
News Sentiment RatingPositive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/5/2024JPMorgan Chase & Co.
3 of 5 stars
 Reiterated RatingTop Pick
6/25/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingOutperformGBX 1,125+26.58%
4/19/2024Jefferies Financial Group
2 of 5 stars
 Reiterated RatingBuyGBX 1,330+29.13%
9/28/2023Barclays
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 Initiated CoverageOverweightGBX 1,300+32.28%
5/23/2023Berenberg Bank
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 Reiterated RatingHoldGBX 1,100-1.03%
5/22/2023Deutsche Bank Aktiengesellschaft
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 Lower TargetHoldGBX 1,100 ➝ GBX 1,080-2.09%
1/19/2023UBS Group
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 Boost TargetNeutralGBX 960 ➝ GBX 1,050+1.69%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:46 AM ET.

NG Forecast - Frequently Asked Questions

What is National Grid's forecast for 2024?

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for National Grid is GBX 1,238.75, with a high forecast of GBX 1,330 and a low forecast of GBX 1,125.

Should I buy or sell National Grid stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for National Grid in the last twelve months. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" NG shares.

Does National Grid's stock price have much upside?

According to analysts, National Grid's stock has a predicted upside of 29.64% based on their 12-month stock forecasts.

What analysts cover National Grid?

National Grid has been rated by research analysts at JPMorgan Chase & Co., and Royal Bank of Canada in the past 90 days.

Do Wall Street analysts like National Grid more than its competitors?

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 NG compares to other companies.


This page (LON:NG) was last updated on 7/23/2024 by MarketBeat.com Staff

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