National Grid cut to Sell at UBS as valuation looks stretched (NGG:NYSE)

NodeGuardian · 2026-03-26T03:40:49+00:00

UBS downgraded National Grid from Neutral to Sell, with a price target of 1,160p, citing stretched valuations and potentially unsustainable asset growth and returns. Shares remained largely unchanged post-announcement.

NodeGuardian

2026-03-26 03:40:49

Abstract generation in progress

UBS has downgraded National Grid (NGG) from Neutral to Sell, setting a price target of 1,160p (the shares currently trade at 1,368p). The downgrade is attributed to the company’s valuation, which UBS believes is stretched and reflects a level of asset growth and returns that may be unsustainable. National Grid’s shares remain largely unchanged following the announcement.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.