National Grid PLC

NG.: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 6,279.00	Pjfkp	Hxnlgvj

National Grid Raises 2022 and Confirms Medium-Term Guidance; Shares Rich

Tancrede Fulop

Nov 19, 2021

We don't expect to materially change our GBX 850 fair value estimate after no-moat National Grid released first-half results above consensus it polled, raised its fiscal 2022 guidance, and maintained its medium-term guidance. The shares look overvalued.

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