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    NG.   GB00BDR05C01

NATIONAL GRID PLC

(NG.)
  Report
Delayed London Stock Exchange  -  11:35 2022-09-29 am EDT
937.40 GBX   -3.30%
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Expect energy supplies to be tight this winter, warns National Grid

07/28/2022 | 01:21am EDT

THE UK's electricity supply could be tight at times this winter but there should be sufficient supplies to meet demand, revealed the body tasked with balancing the country's energy grid.

In its latest report ahead of winter, the National Grid's Electricity System Operator (NGESO) has forecast that margins might narrow significantly towards the very end of the year, however it expects there will be sufficient power to keep the lights on.

It said: "We expect there to be sufficient available capacity to respond to these market signals to meet consumer demand."

While supplies are hopefully secure this winter, NGESO has warned that Europe's dependence on Russian gas means that "cessation of flows of gas into Europe could have knock-on impacts".

This includes very high wholesale costs, with the latest forecast from Cornwall Insight predicting the consumer price cap will climb to £3,500 per year in October - putting more pressure on UK households.

(c) 2022 City A.M., source Newspaper

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Analyst Recommendations on NATIONAL GRID PLC
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Financials
Sales 2023 18 416 M 20 302 M 20 302 M
Net income 2023 3 466 M 3 820 M 3 820 M
Net Debt 2023 41 241 M 45 464 M 45 464 M
P/E ratio 2023 9,30x
Yield 2023 5,77%
Capitalization 34 310 M 37 823 M 37 823 M
EV / Sales 2023 4,10x
EV / Sales 2024 4,00x
Nbr of Employees 29 292
Free-Float 93,3%
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Technical analysis trends NATIONAL GRID PLC
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 13
Last Close Price 937,40 GBX
Average target price 1 175,95 GBX
Spread / Average Target 25,4%
EPS Revisions
Managers and Directors
John Mark Pettigrew Chief Operating Officer-UK Gas Distribution
Andrew Jonathan Agg Chief Financial Officer & Executive Director
Paula Rosput Reynolds Chairman
Adriana Karaboutis Group Chief Information & Digital Officer
Lisa M. Lambert Chief Technology & Innovation Officer
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