National Grid PLC
NG.: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 346.00 | Snx | Pqcytqs |
National Grid Posts Good First-Half Results; Raises Full-Year and Medium-Term Guidance
We maintain our GBX 1,040 fair value estimate after no-moat National Grid released first-half results slightly above consensus it polled, upped its fiscal 2023 guidance, and its medium-term earnings guidance along with investments. The group confirmed its policy to grow the dividend in line with inflation. The shares look fairly valued.