National Grid (NGG) PT Increased by £200, ‘Overweight’ Rating Maintained

National Grid plc (NYSE:NGG) is included among the 15 Utility Stocks with Highest Dividends.

National Grid (NGG) PT Increased by £200, 'Overweight' Rating Maintained

High-voltage power lines. Electricity distribution station. high voltage electric transmission tower. Distribution electric substation with power lines and transformers.

National Grid plc (NYSE:NGG) engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and other segments.

National Grid plc (NYSE:NGG) received a boost on April 2 when JPMorgan analyst Pavan Mahbubani bumped the firm’s price target on the stock from £1,250 to £1,450, while maintaining an ‘Overweight’ rating on the shares. The revised target indicates an upside potential of almost 10% from the current share price.

National Grid plc (NYSE:NGG) is targeting a strong operational performance across the group in its full-year 2026, with underlying EPS forecasted to be in line with the 6-8% CAGR range from the 2024/25 baseline of 73.3p. Meanwhile, the overall group capital investment for continuing operations is expected to be over £11 billion in the current year.

That said, the analysts over at Jefferies turned bearish on the stock last month, downgrading it from ‘Buy’ to ‘Hold’ (read the details here).

While we acknowledge the risk and potential of NGG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NGG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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