06:25 AM EDT, 05/15/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our 12-month target price for National Grid ( NGG ) to USD73 (from USD71), based on FY 26 (Mar.) P/E of 16.4x, above its five-year forward P/E average of 15.2x, justified in our view by its earnings growth from increased grid investments. We revise our FY 26 EPS estimate to GBP3.35 (from GBP4.05), justified in our view by its earnings guidance and introduce FY 27 EPS estimate at GBP3.60. NG's FY 25 underlying operating profit grew 12% Y/Y to GBP5.4 bln, in line with consensus' estimates, driven by strong results across its regulated businesses. Given good earnings result, NG backs its FY 25-FY 29 financial targets of asset growth CAGR of ~10%, underlying EPS CAGR of 6-8%, and total cumulative capital investment of ~GBP60 bln. Hence, we think these investments are aligned with our view that electricity infrastructure plays an important role in net zero, while NG's highly regulated business model, which is shielded against price and volume risk, could also support its defensive profile. Maintain Hold.