National Grid Plc ADR [NGG] stock prices are up 0.20% to $59.54 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NGG shares have gain 1.16% over the last week, with a monthly amount drifted -6.06%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
National Grid Plc ADR [NYSE: NGG] stock has seen the most recent analyst activity on October 03, 2024, when Citigroup downgraded its rating to a Neutral. On June 12, 2024, upgrade upgraded it’s rating to Buy. Citigroup upgraded its rating to a Buy. Exane BNP Paribas upgraded its rating to a Outperform. Jefferies upgraded its rating to Buy for this stock on February 05, 2024. In a note dated January 16, 2024, Deutsche Bank upgraded an Buy rating on this stock.
The stock price of National Grid Plc ADR [NGG] has been fluctuating between $53.57 and $71.43 over the past year. Currently, Wall Street analysts expect the stock to reach $73 within the next 12 months. National Grid Plc ADR [NYSE: NGG] shares were valued at $59.54 at the most recent close of the market. An investor can expect a potential return of 22.61% based on the average NGG price forecast.
Analyzing the NGG fundamentals
The National Grid Plc ADR [NYSE:NGG] reported sales of 24.44B for trailing twelve months, representing a drop of -4.58%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.55.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 59.40 points at the first support level, and at 59.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.77, and for the 2nd resistance point, it is at 60.00.
Ratios To Look Out For
It’s worth pointing out that National Grid Plc ADR [NYSE:NGG]’s Current Ratio is 1.61. As well, the Quick Ratio is 1.54, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.38, the price to book ratio is 1.21 and price to earnings (TTM) ratio is 21.95.
