National Grid Plc ADR (NGG) stock expected to rise by 17.38%: What’s driving the optimism?

National Grid Plc ADR [NGG] stock is trading at $62.19, up 1.44%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NGG shares have gain 2.40% over the last week, with a monthly amount glided 2.44%, and 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 January 21, 2025, when Citigroup upgraded its rating to a Buy. Previously, Citigroup downgraded its rating to Neutral on October 03, 2024. Goldman upgraded its rating to a Buy. Citigroup upgraded its rating to a Buy. Exane BNP Paribas upgraded its rating to Outperform for this stock on April 02, 2024. In a note dated February 05, 2024, Jefferies upgraded an Buy rating on this stock.

National Grid Plc ADR [NGG] stock has fluctuated 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 $62.19 at the most recent close of the market. An investor can expect a potential return of 17.38% based on the average NGG price forecast.

Analyzing the NGG fundamentals

National Grid Plc ADR [NYSE:NGG] reported sales of 24.44B for the trailing twelve months, which represents 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 of1.58.

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 61.81 points at the first support level, and at 61.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.58, and for the 2nd resistance point, it is at 62.98.

Ratios To Look Out For

For context, National Grid Plc ADR’s Current Ratio is 1.61. In addition, the Quick Ratio stands at 1.54 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 2.49, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 22.93.

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