P/E Ratio Insights for National Grid
Portfolio Pulse from Benzinga Insights
National Grid Inc.'s (NYSE:NGG) stock price is currently at $59.83, after a 0.08% drop. However, the stock has increased by 3.96% over the past month and by 8.78% over the past year. The company's P/E ratio of 13.41 is lower than the Multi-Utilities industry average of 19.84, which could indicate that the stock is undervalued or that shareholders do not expect future growth.
October 30, 2023 | 5:15 pm
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National Grid's stock price is currently at $59.83, after a 0.08% drop. However, the stock has increased by 3.96% over the past month and by 8.78% over the past year. The company's P/E ratio of 13.41 is lower than the Multi-Utilities industry average of 19.84.
The company's stock price has seen a slight drop in the current market session, but has shown positive growth over the past month and year. The P/E ratio, which is lower than the industry average, could indicate that the stock is undervalued. However, it could also suggest that shareholders do not expect future growth. Therefore, the short term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100