Things For Investors To Watch In National Grid plc (NYSE: NGG)

National Grid plc (NYSE:NGG) does about 331.06K shares in volume on a normal day but saw 245244 shares change hands in Friday trading. The company now has a market cap of 47.06B USD. Its current market price is $64.49, marking an increase of 2.45% compared to the previous close of $62.95. The 52 week high reached by this stock is $80.20 whilst the lowest price level in 52 weeks is $47.22. The script in recent trading has seen the stock touch a high of $64.725 and a low of $63.90.

National Grid plc (NGG) has a 20-day trading average at $63.46 and the current price is -19.59% off the 52-week high compared with 36.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $62.62 and its 200-day simple moving average is $63.40. If we look at the stock’s price movements over the week, volatility stands at 1.23%, which increases to 1.26% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.54 to suggest the stock is neutral.

15 analysts observing the National Grid plc (NGG) stock have set the 12-month price targets for the company’s shares at between $50.86 and $75.52. The consensus objective for the share price is $75.07, suggesting that the stock has a potential upside of 14.09% over the period. The median price target is 8.8% away from the current levels at $70.71.

FactSet Research has provided data showing that 15 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 1 advise that it is a overweight. 7 analysts have rated it as a buy and 6 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.

The current price level is 1.64%, 3.07%, and 1.63% away from its SMA20, SMA50, and SMA200 respectively, with the NGG price moving above the 50-day SMA on February 17. National Grid plc (NGG) stock is up 2.85% over the week and 0.37% over the past month. Its price is 6.91% year-to-date and -12.37% over the past year.

Its 12-month price target is $70.71. To reach the target analysts have set, the stock logically needs to grow 14.09 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $50.86, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $75.52.

Outstanding shares total 730.20M with insiders holding 0.01% of the shares and institutional holders owning 3.80% of the company’s common stock. The company has a return on investment of 4.50% and return on equity of 13.90%. The price to earnings ratio (P/E ratio) amounts to 13.27. The beta has a value of 0.60. Price to book ratio is 1.50 and price to sales ratio is 1.87.

According to a U.S. Securities and Exchange Commission filing, Invesco International Dividend Ac has added its position in National Grid plc (NGG) to 563,049 shares, mirroring a recent increase by 0.18%. Invesco International Dividend Ac added 1000.0 shares of National Grid plc common stock bringing its total worth to about $35.91 million at the end of recent close, SEC documents show. Invesco International Dividend Ac isn’t the only investment manager who changed stakes and is followed by BMO Global Infrastructure Index E, which sold off 682.0 shares to end up with 356,149 shares worth $22.71 million.

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