Overview
National Grid plc, headquartered in the United Kingdom, operates as a multinational electricity and gas utility company. It primarily focuses on the transmission and distribution of electricity and gas across the UK and northeastern US. Key to its operations, National Grid owns and manages the electric power transmission network in England and Wales, with high-voltage electricity transmission in Scotland and operates significant natural gas transmission networks in both the UK and the US. Prominent projects include investments in renewable energy installations and the development of interconnectors that link electricity networks between countries. The company is instrumental in supporting both regional and international energy security and sustainability, aligning with global transitions towards lower carbon sources.
Basic Stats
The share price of National Grid plc - Depositary Receipt (Common Stock) as of September 5, 2025 is $70.10 / share. This is a decrease of -0.67% from the prior week.
The Factor Analysis chart (below right) shows a view of National Grid plc - Depositary Receipt (Common Stock) from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | |
| EV | |
| Shares Out. | 4,888.00 MM |
| Earnings Date | |
| EPS (TTM) | 0.59 |
| Dividend Yield | 12.94 % |
| Ex-Dividend Date | 2025-05-30 |
| Borrow Rate | 1.10 |
| Short Shares Avail. | 0.10 MM |
| Short Interest | 1.43 MM |
| Short Float | |
| Days to Cover | 2.21 days |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | 3.12 % |
| Volatility (1 yr) | 0.23 |
| Beta | 0.32 |
| Sharpe Ratio (1 yr) | -0.05 |
| Sortino Ratio (1 yr) | -0.07 |
| PE Ratio | |
| Price/Book | |
| Price/TBV | |
| Book/Market | |
| EBIT/EV | |
| EBIT(3yr avg)/EV | |
| ROA | 0.03 |
| ROE | 0.08 |
| ROIC | 0.03 |
| CROIC | 0.01 |
| OCROIC | 0.08 |
| Implied Volatility | 18.50 % |
| Put/Call OI Ratio | 0.59 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for National Grid plc - Depositary Receipt (Common Stock) is $81.64. The forecasts range from a low of $73.45 to a high of $89.92. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for National Grid plc - Depositary Receipt (Common Stock). An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2024-07-05 | JP Morgan Cazenove | Top Pick | Reiterate | |
| 2024-07-02 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2024-06-25 | RBC Capital Markets | Outperform | Reiterate | |
| 2023-11-13 | RBC Capital Markets | Outperform | Reiterate | |
| 2023-09-28 | Barclays | Overweight | Reiterate | |
| 2023-05-23 | Berenberg Bank | Hold | Reiterate | |
| 2023-04-24 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2023-02-13 | RBC Capital Markets | Outperform | Reiterate | |
| 2023-01-19 | UBS | Neutral | Reiterate | |
| 2023-01-16 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2022-11-08 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2022-10-12 | Deutsche | Hold | Reiterate | |
| 2022-05-20 | Deutsche | Hold | Reiterate | |
| 2022-05-11 | Morgan Stanley | Equal Weight | Reiterate | |
| 2022-05-03 | Morgan Stanley | Equal Weight | Reiterate | |
| 2022-02-24 | Berenberg Bank | Buy | Reiterate | |
| 2022-02-24 | Berenberg Bank | Reiteration | Reiterate | |
| 2022-02-08 | Deutsche | Reiteration | Reiterate | |
| 2022-01-28 | Morgan Stanley | Reiteration | Reiterate | |
| 2022-01-25 | Deutsche | Reiteration | Reiterate | |
| 2021-12-02 | Deutsche | Reiteration | Reiterate | |
| 2021-11-19 | Deutsche | Reiteration | Reiterate | |
| 2021-11-19 | Deutsche Bank | Buy | Reiterate | |
| 2021-11-15 | Morgan Stanley | Overweight | Reiterate | |
| 2021-10-19 | Deutsche Bank | Buy | Reiterate | |
| 2021-06-22 | Deutsche Bank | Buy | Reiterate | |
| 2021-06-10 | Citigroup | Buy | Reiterate | |
| 2021-05-21 | Jefferies | Buy | Reiterate | |
| 2021-01-26 | Citigroup | Buy | Reiterate | |
| 2021-01-13 | Credit Suisse | Outperform | Reiterate | |
| 2021-01-13 | Barclays | Overweight | Reiterate | |
| 2020-11-03 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2020-06-19 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2020-06-19 | Deutsche Bank | Hold | Reiterate | |
| 2020-06-03 | Credit Suisse | Outperform | Reiterate | |
| 2020-02-03 | Barclays | Overweight | Reiterate | |
| 2020-02-03 | Deutsche Bank | Buy | Reiterate | |
| 2020-01-10 | Exane BNP Paribas | Outperform | Neutral | Downgrade |
| 2019-12-16 | Barclays | Overweight | Reiterate | |
| 2019-10-17 | Credit Suisse | Neutral | Outperform | Upgrade |
| 2019-10-16 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2019-09-05 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2019-08-12 | Jefferies | Hold | Reiterate | |
| 2019-07-05 | Deutsche Bank | Hold | Reiterate | |
| 2019-06-19 | Morgan Stanley | Overweight | Reiterate | |
| 2019-05-13 | Barclays | Overweight | Reiterate | |
| 2019-04-14 | Credit Suisse | Neutral | Reiterate | |
| 2019-02-06 | RBC Capital | Sector Perform | Outperform | Upgrade |
| 2024-05-28 | RBC Capital Markets | Outperform | Reiterate | |
| 2024-04-30 | RBC Capital Markets | Outperform | Reiterate | |
| 2024-04-19 | Jefferies | Buy | Reiterate | |
| 2024-04-11 | Jefferies | Buy | Reiterate | |
| 2023-11-21 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2019-01-30 | Barclays | Overweight | Initiate | |
| 2019-01-29 | Barclays | Overweight | Initiate | |
| 2018-10-10 | Berenberg Bank | Buy | Reiterate | |
| 2018-09-17 | Goldman Sachs | Neutral | Reiterate | |
| 2018-08-29 | Citigroup | Buy | Reiterate | |
| 2018-07-27 | Deutsche Bank | Hold | Reiterate | |
| 2018-06-15 | HSBC | Buy | Reiterate | |
| 2018-05-18 | Deutsche Bank | Hold | Reiterate | |
| 2018-05-04 | Deutsche Bank | Hold | Reiterate | |
| 2018-05-01 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2018-04-09 | Morgan Stanley | Outperform | Reiterate | |
| 2017-12-06 | Deutsche Bank | Sell | Hold | Upgrade |
| 2017-11-27 | Credit Suisse | Underperform | Neutral | Upgrade |
| 2017-11-14 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2017-10-30 | Deutsche Bank | Sell | Reiterate | |
| 2017-09-06 | HSBC | Buy | Reiterate | |
| 2017-08-17 | Deutsche Bank | Sell | Reiterate | |
| 2017-07-21 | Credit Suisse | Underperform | Reiterate | |
| 2017-07-18 | Morgan Stanley | Overweight | Reiterate | |
| 2017-07-07 | Deutsche Bank | Buy | Reiterate | |
| 2017-05-25 | Goldman Sachs | Sell | Reiterate | |
| 2017-05-23 | Morgan Stanley | Overweight | Reiterate | |
| 2017-05-18 | HSBC | Buy | Reiterate | |
| 2017-05-17 | Deutsche Bank | Hold | Reiterate | |
| 2017-05-12 | Barclays | Equal-weight | Reiterate | |
| 2017-05-04 | RBC Capital Markets | Sector Perform | Reiterate | |
| 2017-04-18 | Credit Suisse | Underperform | Reiterate | |
| 2017-04-18 | Citigroup | Neutral | Reiterate | |
| 2017-02-28 | Goldman Sachs | Sell | Reiterate | |
| 2017-02-22 | Exane BNP Paribas | Underperform | Reiterate | |
| 2017-02-06 | Credit Suisse | Underperform | Reiterate | |
| 2017-01-30 | RBC Capital Markets | Outperform | Reiterate | |
| 2017-01-30 | RBC Capital | Sector Perform | Outperform | Upgrade |
| 2017-01-25 | HSBC | Buy | Reiterate | |
| 2017-01-13 | Credit Suisse | Underperform | Reiterate | |
| 2016-12-16 | HSBC | Buy | Reiterate | |
| 2016-12-14 | Deutsche Bank | Hold | Reiterate | |
| 2016-12-01 | Argus | Hold | Buy | Upgrade |
| 2016-11-29 | Goldman Sachs | Sell | Reiterate | |
| 2016-11-21 | HSBC | Buy | Reiterate | |
| 2016-11-11 | Deutsche Bank | Hold | Reiterate | |
| 2016-11-11 | Exane BNP Paribas | Underperform | Reiterate | |
| 2016-11-11 | Credit Suisse | Underperform | Reiterate | |
| 2016-10-19 | Investec | Hold | Reiterate | |
| 2016-09-09 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2016-09-08 | Credit Suisse | Underperform | Reiterate | |
| 2016-09-07 | Bernstein | Outperform | Market Perform | Downgrade |
| 2016-08-02 | HSBC | Buy | Reiterate | |
| 2016-07-29 | RBC Capital | Outperform | Sector Perform | Downgrade |
| 2016-07-27 | Credit Suisse | Underperform | Reiterate | |
| 2016-07-22 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2016-07-04 | Credit Suisse | Underperform | Reiterate | |
| 2016-06-27 | Exane BNP Paribas | Underperform | Reiterate | |
| 2016-06-27 | HSBC | Buy | Reiterate | |
| 2016-06-17 | Credit Suisse | Underperform | Reiterate | |
| 2016-06-08 | HSBC | Buy | Reiterate | |
| 2016-05-20 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2016-05-19 | Barclays | Overweight | Maintains | |
| 2016-05-05 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2016-05-04 | JP Morgan | Neutral | Overweight | Upgrade |
| 2016-04-27 | Credit Suisse | Underperform | Reiterate | |
| 2016-04-25 | HSBC | Buy | Reiterate | |
| 2016-04-19 | Exane BNP Paribas | Underperform | Reiterate | |
| 2016-04-07 | Argus | Hold | Initiate | |
| 2016-03-29 | HSBC | Buy | Reiterate | |
| 2016-03-09 | Citigroup | Neutral | Reiterate | |
| 2016-03-07 | HSBC | Buy | Reiterate | |
| 2016-02-29 | Barclays | Overweight | Maintains | |
| 2016-02-08 | Credit Suisse | Underperform | Reiterate | |
| 2016-02-01 | HSBC | Buy | Reiterate | |
| 2016-02-01 | Deutsche Bank | Hold | Reiterate | |
| 2016-01-07 | Goldman Sachs | Neutral | Reiterate | |
| 2016-01-04 | Barclays | Overweight | Maintains | |
| 2015-11-19 | RBC Capital | Sector Perform | Outperform | Upgrade |
| 2015-11-18 | Credit Suisse | Underperform | Reiterate | |
| 2015-11-17 | Investec | Hold | Reiterate | |
| 2015-11-11 | Exane BNP Paribas | Underperform | Reiterate | |
| 2015-11-10 | Charles Stanley | Accumulate | Reiterate | |
| 2015-11-09 | Citigroup | Neutral | Reiterate | |
| 2015-11-06 | Deutsche Bank | Hold | Reiterate | |
| 2015-11-06 | Jefferies | Buy | Hold | Downgrade |
| 2015-11-05 | Goldman Sachs | Neutral | Reiterate | |
| 2015-10-29 | Citigroup | Neutral | Reiterate | |
| 2015-09-15 | Exane BNP Paribas | Underperform | Reiterate | |
| 2015-08-18 | Credit Suisse | Underperform | Reiterate | |
| 2015-07-23 | Credit Suisse | Underperform | Reiterate | |
| 2015-07-09 | Jefferies | Buy | Initiate | |
| 2015-06-30 | Exane BNP Paribas | Underperform | Reiterate | |
| 2015-06-29 | Goldman Sachs | Neutral | Reiterate | |
| 2015-06-22 | Credit Suisse | Underperform | Reiterate | |
| 2015-06-10 | Charles Stanley | Hold | Reiterate | |
| 2015-06-04 | Credit Suisse | Underperform | Reiterate | |
| 2015-05-29 | RBC Capital Markets | Neutral | Reiterate | |
| 2015-05-22 | Exane BNP Paribas | Underperform | Reiterate | |
| 2015-05-22 | JP Morgan Cazenove | Neutral | Reiterate | |
| 2015-05-20 | Credit Suisse | Underperform | Reiterate | |
| 2015-05-15 | Deutsche Bank | Hold | Reiterate | |
| 2015-05-05 | Credit Suisse | Underperform | Reiterate | |
| 2015-04-10 | Credit Suisse | Underperform | Reiterate | |
| 2015-03-27 | Credit Suisse | Underperform | Reiterate | |
| 2015-03-10 | Investec | Hold | Reiterate | |
| 2015-03-05 | HSBC | Overweight | Overweight | Upgrade |
| 2015-02-23 | Morgan Stanley | Equal-weight | Reiterate | |
| 2014-12-17 | Goldman Sachs | Sell | Reiterate | |
| 2014-12-10 | Exane BNP Paribas | Underperform | Reiterate | |
| 2014-11-28 | Berenberg Bank | Hold | Reiterate | |
| 2014-11-19 | Deutsche Bank | Sell | Hold | Upgrade |
| 2014-11-12 | Citigroup | Neutral | Reiterate | |
| 2014-11-11 | Credit Suisse | Neutral | Reiterate | |
| 2014-11-11 | UBS | Neutral | Reiterate | |
| 2014-11-10 | Charles Stanley | Accumulate | Reiterate | |
| 2014-11-07 | Barclays | Overweight | Maintains | |
| 2014-11-03 | Deutsche Bank | Sell | Reiterate | |
| 2014-10-31 | RBC Capital Markets | Neutral | Reiterate | |
| 2014-10-14 | Morgan Stanley | Overweight | Reiterate | |
| 2014-10-01 | Credit Suisse | Neutral | Reiterate | |
| 2014-09-22 | Goldman Sachs | Sell | Reiterate | |
| 2014-08-21 | Berenberg Bank | Hold | Reiterate | |
| 2014-07-28 | Charles Stanley | Accumulate | Reiterate | |
| 2014-07-18 | RBC Capital Markets | Outperform | Reiterate | |
| 2014-06-24 | Goldman Sachs | Sell | Reiterate | |
| 2014-06-19 | Credit Suisse | Outperform | Reiterate | |
| 2014-06-13 | Deutsche Bank | Sell | Reiterate | |
| 2014-06-13 | Citigroup | Neutral | Reiterate | |
| 2014-06-04 | Berenberg Bank | Hold | Reiterate | |
| 2014-06-03 | JP Morgan Cazenove | Neutral | Reiterate | |
| 2014-05-30 | RBC Capital Markets | Outperform | Reiterate | |
| 2014-05-23 | Goldman Sachs | Sell | Reiterate | |
| 2014-05-20 | RBC Capital Markets | Outperform | Reiterate | |
| 2014-05-16 | Barclays | Overweight | Reiterate | |
| 2014-05-16 | Deutsche Bank | Sell | Reiterate | |
| 2014-05-14 | Citigroup | Neutral | Reiterate | |
| 2014-05-09 | Liberum Capital | Buy | Reiterate | |
| 2014-05-08 | Barclays | Overweight | Reiterate | |
| 2014-04-24 | Citigroup | Neutral | Reiterate | |
| 2014-04-14 | Berenberg Bank | Hold | Reiterate | |
| 2014-04-04 | Citigroup | Neutral | Reiterate | |
| 2014-03-25 | Macquarie | Underperform | Initiate | |
| 2014-03-11 | Berenberg Bank | Hold | Reiterate | |
| 2014-03-05 | Citigroup | Neutral | Reiterate | |
| 2014-01-31 | HSBC | Neutral | Overweight | Upgrade |
| 2014-01-23 | JP Morgan Cazenove | Neutral | Reiterate | |
| 2014-01-16 | Credit Suisse | Outperform | Reiterate | |
| 2013-12-05 | Credit Suisse | Outperform | Reiterate | |
| 2013-11-25 | Credit Suisse | Outperform | Reiterate | |
| 2013-11-25 | Societe Generale | Sell | Reiterate | |
| 2013-11-22 | Deutsche Bank | Sell | Reiterate | |
| 2013-11-15 | Credit Suisse | Outperform | Reiterate | |
| 2013-11-11 | Citigroup | Neutral | Reiterate | |
| 2013-11-04 | Deutsche Bank | Sell | Reiterate | |
| 2013-09-23 | UBS | Buy | Neutral | Downgrade |
| 2013-07-01 | Morgan Stanley | Overweight | Reiterate | |
| 2013-06-19 | Bank of America | Neutral | Buy | Upgrade |
| 2013-05-17 | Exane BNP Paribas | Outperform | Neutral | Downgrade |
| 2013-04-22 | Bank of America | Buy | Neutral | Downgrade |
| 2013-03-22 | HSBC | Neutral | Overweight | Upgrade |
| 2013-02-07 | HSBC | Overweight | Neutral | Downgrade |
| 2012-12-18 | Barclays | Overweight | Maintains | |
| 2012-11-05 | Barclays | Overweight | Maintains | |
| 2024-08-13 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2024-10-14 | Berenberg Bank | Hold | Reiterate | |
| 2025-04-29 | UBS | Buy | Neutral | Downgrade |
| 2024-08-01 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2024-08-30 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2024-08-22 | JP Morgan Cazenove | Overweight | Reiterate | |
| 2024-09-16 | Citigroup | Top Pick | Reiterate | |
| 2025-05-06 | Citigroup | Buy | Neutral | Downgrade |
