JPMorgan cuts target for National Grid stock to GBp 1,310

Published on 10/16/2026 at 15:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

National Grid will report half-year results on November 5, 2026. National Grid stock costs EUR 14.28 on October 16, 2026 at 3:39 p.m. CEST.

Analyst target and utility metrics

JPMorgan lowered its National Grid target to GBp 1,310 on October 12, 2026.
Underlying operating profit reached GBP 5.680 billion in fiscal year 2025/26.
National Grid stock costs EUR 14.28 at Lang & Schwarz on October 16, 2026 at 3:39 p.m. CEST.
National Grid will announce half-year results on November 5, 2026.

Aquarellmalerei der Londoner Skyline mit Strommasten am Themseufer bei Dämmerung — Skyline-Motiv mit Strommasten symbolisiert National Grid plc (GB00BDR05C01), britischer Versorger für Strom- und Gasnetze, Illustration mit AI erstellt.

Markets Insider reported on October 12, 2026 that JPMorgan analyst Pavan Mahbubani cut National Grid's target to GBp 1,310 from GBp 1,440 while keeping an Overweight rating. Against National Grid's LSE price of GBp 1,206 at 2:55 p.m. BST on October 16, 2026, the new target stood 8.62 percent higher. National Grid stock was trading at EUR 14.28 at Lang & Schwarz on October 16, 2026 at 3:39 p.m. CEST.

Results date anchors the calendar

National Grid's next major reporting date is November 5, 2026. The company will publish half-year results for the six months ended September 30, 2026, according to Investegate. That date gives the stock's next defined information point without relying on a new corporate announcement.

Profit and investment remain measurable

National Grid's investor center reports underlying operating profit of GBP 5.680 billion for fiscal year 2025/26, up 8.80 percent from GBP 5.221 billion in fiscal year 2024/25. Underlying earnings per share rose 8.30 percent to 78.00 pence from 72.00 pence, while capital investment increased 21.30 percent to GBP 11.576 billion from GBP 9.542 billion. The same full-year update lists a dividend of 48.49 pence, up 3.80 percent from 46.72 pence. These figures provide the operating backdrop for the November report, while the JPMorgan target offers a separate market reference.

Trading range and valuation

At 2:55 p.m. BST on October 16, 2026, the LSE quote stood at GBp 1,206, within a 52-week range of GBp 1,096.50 to GBp 1,428.50. Trading volume was 3,572,875 shares against an average volume of 9,899,068 shares. The current price-to-earnings ratio was 18.44 and the dividend yield was 0.04 percent. National Grid's market capitalization was GBP 60.6 billion on the same quote snapshot.

Comparison with peers

National Grid (LSE, GBp): P/E 18.44, market capitalization GBP 60.6 billion
SSE (LSE, GBp): P/E 25.20, market capitalization GBP 31.2 billion
United Utilities (LSE, GBp): P/E 17.21, market capitalization GBP 11.0 billion

What the next report will add

The November 5 release will add the first reported figures for the six months ended September 30, 2026. For investors, the key comparison will be whether operating profit and earnings per share continue to build on the fiscal year 2025/26 increases of 8.80 percent and 8.30 percent.

Price and investor reference

The euro quote was EUR 14.28 at Lang & Schwarz on October 16, 2026 at 3:39 p.m. CEST. The separate LSE quotation was GBp 1,206 at 2:55 p.m. BST on the same date, keeping the two market views distinct.

The further course of trading is shown by the continuously updated real-time quote of National Grid stock.