National Grid
NGG (NYSE)
National Grid Plc stands out as a recession-resistant investment, thanks to its stable and essential electricity and gas infrastructure. With a robust dividend yield of nearly 4%, it offers reliable income for investors seeking financial health and consistent payouts. Analysts have a median 12-month price target of $79.25, indicating potential upside, while the stock has delivered a commendable 17.04% return over the past year.
Pros:
- Stable, essential utility revenues
- Recession-resistant business model
Cons:
- Recent downgrade by analysts
- Higher P/E ratio than FTSE 100 average
National Grid (NGG) may be suitable for income-focused investors seeking stability and moderate growth, given its strong dividend yield and historical performance in providing consistent returns. Its essential role in utility infrastructure positions it well for those looking for a recession-resistant asset within their investment portfolio.