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Do Analysts Agree Thursday on National Grid plc (NGG) Stock's Target Price?

Thursday, June 23, 2022 02:45 PM | InvestorsObserver Analysts
Do Analysts Agree Thursday on National Grid plc (NGG) Stock's Target Price?

Wall Street is positive on National Grid plc (NGG). On average, analysts give NGG a Buy rating. The average price target is $77.6, which means analysts expect the stock to rise by 22.61% over the next twelve months. That average ranking earns NGG an Analyst Rating of 15, which is better than 15% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.4
Wall Street analysts are rating NGG a Buy today. Find out what this means to you and get the rest of the rankings on NGG!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With National Grid plc Stock Today?

National Grid plc (NGG) stock has fallen -1.19% while the S&P 500 is higher by 0.43% as of 2:44 PM on Thursday, Jun 23. NGG has fallen -$0.76 from the previous closing price of $64.05 on volume of 422,707 shares. Over the past year the S&P 500 is down -10.98% while NGG has fallen -2.21%. NGG earned $3.70 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 17.1. Click Here to get the full Stock Report for National Grid plc stock.

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