National Grid stock gains 6% in four days: you can buy the stock here
The price of National Grid stock has been on the rise in the last four days despite the growing cyber-attack threat from Russia amid the ongoing Ukraine-Russia conflict. The stock has jumped by more than 1% attracting the interest of investors.
To help stock investors interested in investing in National Grid stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
Best places to buy the National Grid stockCopy link to section
What is National Grid stock?Copy link to section
National Grid stock is the stock of National Grid Plc and it trades on the London Stock Exchange under the ticker LON: NG.
National Grid is a British multinational electricity and gas utility company. It is headquartered in London, England.
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The company primarily operates in the United Kingdom, where it owns and operates electricity and natural gas transmission networks. It also operates in the Northeastern United States, where it also operates transmission networks.
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Should I buy NG stock today?Copy link to section
If you are looking to invest in a stock of a power company that operates both in the UK and the US, then the NG stock could be a good choice.
Although the stock is currently on the rise, it is important to take note of the current situation in Ukraine, which could very likely break into an all-out war roping in Western European countries like the UK and the US.
NG stock price predictionCopy link to section
Analysts are expecting the price of NG stock to rally above £1200 by end of the first quarter of 2022.
However, this is pegged on the hopes that the current situation between Ukraine and Russia does not spill over to the neighboring European countries triggering a response from the NATO members that include the UK.