National Grid plc (NGG) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$85.91
Price Target
$85.50
Target Range
$85.50 — $85.50
Analyst Rating
Buy
Forward P/E21.6x
Trailing P/E21.4x
Forward PEG2.08
Implied Growth-15.9%
Median Target$85.50
Analyst Spread0.0%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$86
-0.5%
Consensus
$86
-0.5%
Bull Case
$86
-0.5%
Valuation Model TargetsConfidence: 44/100
Bear$67
Base$89
Bull$197
NGG Price Target Analysis
Updated May 8, 2026As of May 8, 2026, National Grid plc (NGG) has a Wall Street consensus price target of $85.50, based on estimates from 20 covering analysts. With the stock currently trading at $85.91, this represents a potential downside of -0.5%. The company has a market capitalization of $85.42B.
Analyst price targets range from a low of $85.50 to a high of $85.50, representing a 0% spread in expectations. The median target of $85.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 11 analysts rating the stock as a Buy or Strong Buy,7 rating it Hold, and 2 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, NGG trades at a trailing P/E of 21.4x and forward P/E of 21.6x. The forward PEG ratio of 2.08 reflects a premium valuation. Analysts expect EPS to grow -15.9% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $88.61, with bear and bull scenarios of $67.36 and $196.95 respectively. Model confidence stands at 44/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Utilities stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+9.6%
Avg Forward P/E18.2x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SOThe Southern Company | $104.2B | $92.43 | $99.62 | +7.8% | Hold | 20.2x | 33 |
 DUKDuke Energy Corporation | $97.3B | $124.85 | $135.44 | +8.5% | Hold | 18.6x | 31 |
 EXCExelon Corporation | $45.4B | $44.41 | $49.18 | +10.7% | Hold | 15.6x | 35 |
 PPLPPL Corporation | $27.4B | $36.77 | $41.57 | +13.1% | Buy | 18.9x | 29 |
 EDConsolidated Edison, Inc. | $39.2B | $106.39 | $108.78 | +2.2% | Hold | 17.4x | 27 |
 AEEAmeren Corporation | $30.1B | $108.76 | $121.11 | +11.4% | Hold | 20.3x | 22 |
 ETREntergy Corporation | $51.3B | $112.03 | $116.92 | +4.4% | Buy | 25.5x | 31 |
 EIXEdison International | $26.4B | $68.64 | $74.67 | +8.8% | Buy | 11.2x | 36 |
 PEGPublic Service Enterprise Group Incorporated | $38.8B | $77.83 | $90.00 | +15.6% | Buy | 17.8x | 32 |
 FEFirstEnergy Corp. | $26.1B | $45.17 | $51.43 | +13.9% | Hold | 16.5x | 27 |
Upside Potential Comparison
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Start ComparisonNGG — Frequently Asked Questions
Quick answers to the most common questions about buying NGG stock.
What is the NGG stock price target for 2026?
Wall Street's consensus price target for NGG is $85.5, -0.5% from its current price of $85.91. The below-market target from 20 analysts suggests limited near-term appreciation.
Is NGG a buy, sell, or hold?
NGG has a consensus rating of "Buy" based on 20 Wall Street analysts. The rating breakdown is predominantly bullish, with 11 Buy/Strong Buy ratings. The consensus 12-month price target of $85.5 implies -0.5% downside from current levels.
Is NGG stock overvalued or undervalued?
NGG trades at a forward P/E of 21.6039x, representing a moderate valuation. With analysts targeting $85.5 (-0.5% implied move), the stock appears close to fair value.
How high can NGG stock go?
The most bullish Wall Street analyst has a price target of $85.5 for NGG, while the most conservative target is $85.5. The consensus of $85.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $197 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover NGG stock?
NGG is well covered by analysts, with 20 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 11 have Buy ratings, 7 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the NGG stock forecast?
The 12-month NGG stock forecast based on 20 Wall Street analysts shows a consensus price target of $85.5, with estimates ranging from $85.5 (bear case) to $85.5 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $89, with bear/bull scenarios of $67/$197.
What is NGG's fair value based on fundamentals?
Our quantitative valuation model calculates NGG's fair value at $89 (base case), with a bear case of $67 and bull case of $197. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 44/100.
What is NGG's forward P/E ratio?
NGG trades at a forward P/E ratio of 21.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 21.4x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy NGG stock?
Analysts are cautious on NGG, with 2 Sell ratings and a price target of $85.5 (-0.5% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do NGG price targets vary so much?
NGG analyst price targets range from $85.5 to $85.5, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $85.5 consensus represents the middle ground. Our model's $67-$197 range provides an independent fundamental perspective.