National Grid stock: Citi sets GBp 1,175 target for National Grid stock

Published on 10/20/2026 at 15:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Half-year results are due on November 5, 2026. National Grid stock costs EUR 14.39 on October 20, 2026, up 1.05 percent versus the Xetra close.

Citi keeps a Hold rating

Citi maintained a Hold rating and set a GBp 1,175 target on October 19, 2026.
National Grid will announce half-year results on November 5, 2026.
National Grid stock costs EUR 14.39 at Lang & Schwarz on October 20, 2026 at 3:10 p.m. CEST, 1.05 percent above the Xetra close of October 19, 2026.
The company had a GBP 60.6 billion market capitalization and an 18.53 earnings multiple on October 20, 2026.

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On October 19, 2026, Citi analyst Jenny Ping maintained a Hold rating on National Grid and set a GBp 1,175 price target, according to Markets Insider. The target is 2.49 percent below the GBp 1,205 London Stock Exchange quote at 3:17 p.m. CEST on October 20, 2026. National Grid stock was trading at EUR 14.39 at Lang & Schwarz on October 20, 2026 at 3:10 p.m. CEST, up 1.05 percent versus the Xetra close of October 19, 2026 at EUR 14.24.

Citi target stays below the quote

Citi's target leaves a 30 GBp gap below the London quote. The Hold rating reflects a more cautious valuation stance than the Buy rating maintained by J.P. Morgan on October 12, 2026, which carried a GBp 1,310 target, according to Markets Insider. The two targets place the current London quote between different views of National Grid's regulated earnings and investment profile.

Results arrive November 5

National Grid will announce half-year results on November 5, 2026, for the six months ended September 30, 2026. The date and reporting period were stated in the company's pre-close update carried by StockTitan. The release said National Grid expected fiscal 2027 underlying earnings-per-share growth slightly above its 13.00 to 15.00 percent guidance and cited GBP 130.00 million of additional first-half performance from National Grid Ventures and Other. Those gains included one-off fair-value gains from two capital-market transactions, so the November report will help investors separate recurring performance from portfolio effects.

Valuation and peer comparison

National Grid had a GBP 60.6 billion market capitalization and an 18.53 earnings multiple at 3:17 p.m. CEST on October 20, 2026. The London quote was 1.30 percent above its prior close of GBp 1,189.50 at that time, while the euro quotation was 1.05 percent above the October 19 Xetra close.

Comparison with peers

National Grid: 1.05 percent above the Xetra close, earnings multiple 18.53, market capitalization GBP 60.6 billion.

SSE: 0.64 percent higher, earnings multiple 24.72, market capitalization GBP 30.6 billion.

United Utilities Group: 0.75 percent higher, earnings multiple 17.22, market capitalization GBP 11.0 billion.

Stock position for investors

The immediate contrast is between Citi's GBp 1,175 target and the GBp 1,205 London quote, while the November 5 reporting date supplies the next hard test for the earnings outlook. National Grid's 2025/26 full-year highlights included underlying operating profit of GBP 5,680 million, up 8.80 percent from GBP 5,221 million, according to National Grid.

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