Analysts cut fair value to GBp 1,339.80 for National Grid stock

Published on 10/08/2026 at 11:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

National Grid stock costs EUR 13.62 on October 8, 2026 after EUR 13.61, plus 0.07 percent. A GBp 1,375.00 target stands ahead of November 5 results.

Makroaufnahme von Kabelstrang und Glasisolator einer Hochspannungsleitung — Makroaufnahme von Kabel und Isolator veranschaulicht technische Infrastruktur von National Grid plc, ISIN GB00BDR05C01, Illustration mit AI erstellt.

National Grid stock was trading at EUR 13.62 at Lang & Schwarz on October 8, 2026 at 11:20 a.m. CEST, plus 0.07 percent versus EUR 13.61. On October 7, 2026, Yahoo Finance reported that analysts had cut National Grid's fair value from GBp 1,367.50 to GBp 1,339.80. The change puts valuation assumptions, rather than the latest trading move, at the center of the stock story.

Fair value falls on revised assumptions

The Yahoo Finance report attributed the lower fair value mainly to updated discount rates, revenue growth inputs and the future valuation framework. Its figures put the revised estimate 2.45 percent below the previous GBp 1,367.50 level, calculated on the same pence basis.

Markets Insider reported on October 5, 2026 that RBC Capital maintained a Hold rating and a GBp 1,375.00 price target. Jefferies also kept a Hold rating with a GBp 1,300.00 target, according to Markets Insider on October 5, 2026.

Earnings outlook moves above 13 percent

National Grid's October 5, 2026 pre-close update said fiscal 2026/27 underlying earnings per share growth should come in slightly above the previous 13 to 15 percent guidance range. The release linked the improvement to stronger first-half performance at National Grid Ventures and Other, including one-off fair value gains and stronger interconnector performance, as reported through TradingView.

National Grid is scheduled to publish its half-year results for the six months ended September 30, 2026, on November 5, 2026. That date gives the market a defined checkpoint for testing whether the stronger first-half performance converts into the full-year earnings improvement described in the update.

Capital investment rises to GBP 11.576 billion

National Grid's investor page reports fiscal 2025/26 underlying operating profit of GBP 5.680 billion, up 8.8 percent from GBP 5.221 billion. Underlying earnings per share rose 8.3 percent to 78.0p, while capital investment increased 21.3 percent to GBP 11.576 billion from GBP 9.542 billion, according to National Grid.

LSE range frames the euro quote

National Grid's LSE ticker is NG.L, and the finance snapshot places its 52-week range at GBp 1,086.25 to GBp 1,428.50 on October 8, 2026. Its market capitalization was GBP 57.8 billion on the same date, keeping the revised fair value within a broader listed-market context.

At Lang & Schwarz, the stock was trading at EUR 13.62 on October 8, 2026 at 11:20 a.m. CEST, plus 0.07 percent versus the prior close of EUR 13.61. The further course of trading is shown by the continuously updated real-time quote of National Grid stock.