National Grid stock: JPMorgan cuts target for National Grid stock to GBp 1,310.00

Published on 10/19/2026 at 17:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2025/26 operating profit rose 8.8 percent. National Grid stock costs EUR 14.10 on October 19, 2026, 2.35 percent below Xetra close.

Analyst view and trading position

JPMorgan's October 9, 2026 note lowered the National Grid target from GBp 1,440.00 to GBp 1,310.00.
Underlying operating profit increased 8.8 percent to GBP 5.68 billion in fiscal year 2025/26.
National Grid stock costs EUR 14.10 at Lang & Schwarz on October 19, 2026 at 5:05 p.m. CEST, 2.35 percent below the Xetra close of October 16, 2026.
National Grid's price-to-earnings ratio was 18.23 on October 19, 2026.

Flatlay: Aktienzertifikat, ISIN-Karte, Strommast-Modell und Isolierhandschuhe — Flatlay mit Aktienzertifikat und Strommast-Modell repräsentiert National Grid plc (GB00BDR05C01) als Energienetz-Betreiber, Illustration mit AI erstellt.

JPMorgan cut its National Grid target from GBp 1,440.00 to GBp 1,310.00 in a note dated October 9, 2026, while keeping an Overweight rating, according to wallstreetONLINE. The new target stands 9.50 percent above the LSE price of GBp 1,185.50. National Grid stock was trading at EUR 14.10 at Lang & Schwarz on October 19, 2026 at 5:05 p.m. CEST, down 2.35 percent versus the Xetra close of October 16, 2026 at EUR 14.44.

Operating profit sets a firm base

National Grid's investor center reports underlying operating profit of GBP 5.68 billion for fiscal year 2025/26, up 8.8 percent from GBP 5.22 billion in the prior fiscal year. The same page reports underlying earnings per share of 78.00 pence, an 8.3 percent increase from 72.00 pence, and capital investment of GBP 11.58 billion, up 21.3 percent. These figures are reported by National Grid.

Where the stock sits today

On the London Stock Exchange, National Grid was at GBp 1,185.50 at 4:09 p.m. London time on October 19, 2026. That level was 8.12 percent above the 52-week low of GBp 1,096.50 and 17.01 percent below the 52-week high of GBp 1,428.50. Trading volume was 3,981,219 shares against an average of 10,047,210 shares.

Valuation and the next date

National Grid's market capitalization was GBP 59.6 billion on October 19, 2026, and its price-to-earnings ratio was 18.23. Its trailing dividend yield was 0.04 percent. The next scheduled milestone is the half-year results announcement on November 5, 2026, covering the six months ended September 30, 2026, as stated in the company's filing carried by StockTitan.

Comparison with peers

National Grid: minus 2.35 percent, price-to-earnings ratio 18.23, market capitalization GBP 59.6 billion.

Severn Trent (LSE, GBp): minus 2.24 percent, price-to-earnings ratio 25.40, market capitalization GBP 9.5 billion.

United Utilities (LSE, GBp): minus 2.27 percent, price-to-earnings ratio 17.00, market capitalization GBP 10.9 billion.

Trading position and investor dates

The euro quote sits below the Xetra close, while the London-listed price remains above its 52-week low. The next reported results date is November 5, 2026, giving the market a defined point for testing the company's fiscal 2025/26 operating backdrop and the updated outlook. National Grid stock was trading at EUR 14.10 at Lang & Schwarz on October 19, 2026 at 5:05 p.m. CEST, 2.35 percent below the Xetra close of October 16, 2026 at EUR 14.44. The further course of trading is shown by the continuously updated real-time quote of National Grid stock.