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

Published on 10/14/2026 at 17:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Half-year results are due November 5, 2026. National Grid stock costs EUR 14.01 on October 14, 2026 at 5:00 p.m. CEST, plus 0.32 percent versus the Xetra close.

JPMorgan target cut and results date

JPMorgan analyst Pavan Mahbubani reduced the National Grid target from GBp 1,440 to GBp 1,310 on October 12, 2026.
National Grid's half-year results are scheduled for November 5, 2026.
National Grid stock costs EUR 14.01 at Lang & Schwarz on October 14, 2026 at 5:00 p.m. CEST, plus 0.32 percent versus the Xetra close of October 13, 2026.
National Grid trades at a P/E ratio of 18.18 and has a 4.00 percent dividend yield.

Börsen-Trading-Floor mit Charts, Utilities-Sektor und FTSE-Index-Anzeigen — Börsen-Editorial zeigt Handel der Aktie von National Grid plc, ISIN GB00BDR05C01, an der Londoner Börse, Illustration mit AI erstellt.

JPMorgan analyst Pavan Mahbubani cut the target for National Grid stock from GBp 1,440 to GBp 1,310 on October 12, 2026, while keeping an Overweight rating, as Markets Insider reported. Against the LSE price of GBp 1,182 at 4:00 p.m. BST on October 14, 2026, the new target stands 10.83 percent higher.

Results date brings a firm timetable

National Grid is scheduled to publish half-year results on November 5, 2026. The date is confirmed in a pre-close announcement carried by Financial Times.

That timetable gives the market a defined checkpoint after National Grid's full-year 2025/26 figures. The investor center reports underlying operating profit of GBP 5.680 billion, up 8.80 percent from GBP 5.221 billion in fiscal 2024/25, while underlying earnings per share rose 8.30 percent to GBp 78.00 from GBp 72.00, according to National Grid.

Stock holds above the Xetra close

National Grid was at EUR 14.01 at Lang & Schwarz on October 14, 2026 at 5:00 p.m. CEST, plus 0.32 percent versus the Xetra close of EUR 13.97 on October 13, 2026. The calculation uses the unrounded Xetra close of EUR 13.965.

The company also reported capital investment of GBP 11.576 billion in fiscal 2025/26, up 21.30 percent from GBP 9.542 billion in fiscal 2024/25. Its dividend per share rose 3.80 percent to GBp 48.49 from GBp 46.72.

Utilities valuation stays measurable

National Grid's finance figures show a P/E ratio of 18.18 and a dividend yield of 4.00 percent on October 14, 2026. Its market capitalization was GBP 59.4 billion, while United Utilities traded at GBp 1,429 with a P/E ratio of 16.62 and Severn Trent at GBp 3,106 with a P/E ratio of 25.05 at the same time.

Comparison with peers

National Grid (LSE, GBp): plus 0.32 percent, P/E 18.18, market capitalization GBP 59.4 billion.

United Utilities (LSE, GBp): minus 1.31 percent, P/E 16.62, market capitalization GBP 10.6 billion.

Severn Trent (LSE, GBp): minus 0.89 percent, P/E 25.05, market capitalization GBP 9.4 billion.

Price and target distance

The JPMorgan target remains 10.83 percent above the LSE price, while the euro quotation is 0.32 percent above the October 13, 2026 Xetra close. The next scheduled results date is November 5, 2026.

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