National Grid Plc (NGG) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Total · absolute moveSwitch to Alpha · NYSE
National Grid Plc (NGG) stock forecast summary
Our AI ranks National Grid Plc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
National Grid Plc is a large-cap company with a market capitalization of $87.99B. It ranks number 1 by market capitalization among the 16 Natural Gas Transmission issuers in our coverage with a current forecast.
For NGG, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -12.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 10.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +5.0%, buy ≥ +3.4%, sell < +1.8%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How NGG ranks among 5172 stocks
90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
National Grid Plc (NGG) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Natural Gas Transmission peers listed below that report each metric. Statement values were filed in GBP and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).
Valuation & Market
| Metric | NGG | Rank |
|---|---|---|
| Market Cap | $87.99B | 1/16 |
| P/E Ratio | 41.34x | 2/14 |
| EPS | $1.96 | – |
| Revenue/Share | $64.39 | – |
Profitability & Margins
| Metric | NGG | Rank |
|---|---|---|
| ROIC | 12.9% | 2/13 |
| Operating Margin | 23.0% | 10/14 |
| EBT Margin | 15.4% | 11/16 |
| Tax Rate | 24.0% | – |
Financial Health
| Metric | NGG | Rank |
|---|---|---|
| Current Ratio | 0.97x | 8/16 |
| Quick Ratio | 0.90x | 5/11 |
| D/E Ratio | 1.79x | 9/12 |
| Financial Leverage | 2.79x | 7/10 |
| Working Capital | -$347M | 11/16 |
Operational Efficiency
| Metric | NGG | Rank |
|---|---|---|
| Asset Turnover | 0.51x | 4/12 |
| Receivables Turnover | 18.8x | 2/10 |
| Days Sales Outstanding | 19 days | 9/10 |
Income Statement
| Metric | NGG | Rank |
|---|---|---|
| Total Revenue | $69.75B | 2/15 |
| Operating Income | $16.04B | 1/15 |
| R&D Expense | $143M | – |
Dividend & Shareholder Information
| Metric | NGG | Rank |
|---|---|---|
| Shares Outstanding | 1083M | – |
| EPS Growth | -56.2% | 11/11 |
Balance Sheet Highlights (USD millions, converted from GBP)
| Total Current Assets | $12.00B | |
| Cash & Short-term Investments | $1.19B | |
| Accounts Receivable | $3.81B | |
| Inventory | $862M | |
| Total Liabilities | $89.47B | |
| Short-term Debt | $6.62B |
NGG quarterly financials and insider trading
National Grid Plc (NGG) industry peers
Companies classified under the same SEC industry code as National Grid Plc (Natural Gas Transmission): 17 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
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Sign up free| Company | 90-Day AI Forecast (Total) | Market Cap |
|---|---|---|
| NGG National Grid Plc | ▼ | $87.99B |
| WMB Williams Companies, Inc. | ▼ | $87.19B |
| EPD Enterprise Products Partners L.P. | ▶ | $79.51B |
| KMI Kinder Morgan, Inc. | ▼ | $76.16B |
| ET Energy Transfer Lp | ▼ | $74.28B |
| TRP Tc Energy Corp | ▼ | $64.26B |
| TRGP Targa Resources Corp. | ▼ | $63.24B |
| WES Western Midstream Partners, Lp | ▶ | $18.21B |
| DTM Dt Midstream, Inc. | ▼ | $12.62B |
| AM Antero Midstream Corp | ▲ | $9.80B |
| KNTK Kinetik Holdings Inc. | ▼ | $8.94B |
| AROC Archrock, Inc. | ▶ | $5.18B |
| KGS Kodiak Gas Services, Inc. | ▶ | $4.77B |
| USAC Usa Compression Partners, Lp | ▼ | $3.68B |
| NGL Ngl Energy Partners Lp | ▲ | $1.90B |
| SMC Summit Midstream Corp | ▼ | $423M |
| TCPA Transcanada Pipelines Ltd | ▼ | N/A |
Where NGG sits on the market map
National Grid Plc (NGG) stock news
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National Grid Plc (NGG) stock forecast FAQ
What is the National Grid Plc (NGG) stock forecast?
Our AI ranks National Grid Plc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are National Grid Plc stock predictions?
For NGG, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -12.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 10.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are National Grid Plc forecasts updated?
National Grid Plc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are National Grid Plc's industry peers?
17 issuers in our coverage, NGG included, share the SEC industry code Natural Gas Transmission. The largest are: Williams Companies, Inc. (WMB), Enterprise Products Partners L.P. (EPD), Kinder Morgan, Inc. (KMI), Energy Transfer Lp (ET), Tc Energy Corp (TRP), Targa Resources Corp. (TRGP).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.