12 Best UK Stocks to Buy According to Hedge Funds

10. National Grid plc (NYSE:NGG)

On March 18, 2026, Jefferies downgraded National Grid plc (NYSE:NGG) to Hold from Buy previously with an unchanged price target of 1,410 GBp, citing valuation following the stock’s recent re-rating. Jefferies added that the company’s regulatory catalyst pipeline for the remainder of the year “appears thin.”

On March 16, 2026, Deutsche Bank analyst James Brand raised the price target on National Grid plc (NYSE:NGG) to 1,430 GBp from 1,250 GBp previously and maintained a Buy rating on the shares. Goldman Sachs also raised its price target on National Grid plc (NYSE:NGG) to 1,450 GBp from 1,254 GBp previously and kept a Buy rating on the shares.

Earlier, Berenberg analyst Andrew Fisher raised the firm’s price target on National Grid plc (NYSE:NGG) to 1,300 GBp from 1,070 GBp previously and maintained a Hold rating on the shares.

National Grid plc (NYSE:NGG) operates electricity and gas transmission and distribution networks across the United Kingdom and the United States.