JPMorgan cuts target for National Grid stock to GBp 1,310
Published on 10/13/2026 at 13:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- JPMorgan lowered its National Grid target to GBp 1,310 from GBp 1,440 on October 12, 2026.
- National Grid will publish half-year results on November 5, 2026.
- National Grid stock costs EUR 13.97 at Lang & Schwarz on October 13, 2026 at 1:02 p.m. CEST, 1.30 percent above the Xetra close of October 12, 2026 and 17.57 percent below the 52-week high.
- The stock has a P/E ratio of 18.12, a 4.00 percent dividend yield and GBP 59.2 billion market capitalization.
JPMorgan analyst Pavan Mahbubani lowered the price target for National Grid to GBp 1,310 from GBp 1,440 on October 12, 2026, while keeping an Overweight rating, as Markets Insider reported. The revised target is 11.25 percent above the LSE price of GBp 1,177.50 at 12:04 p.m. BST on October 13, 2026. National Grid stock was trading at EUR 13.97 at Lang & Schwarz on October 13, 2026 at 1:02 p.m. CEST, 1.30 percent above the Xetra close of EUR 13.79 on October 12, 2026.
Half-year results arrive November 5
National Grid will announce half-year results on November 5, 2026, according to the company's pre-close announcement carried by Investegate on October 5, 2026. The date gives investors the next scheduled checkpoint after the target revision, with the reporting period covering the six months ended September 30, 2026.
Stock sits below its yearly high
The LSE quote of GBp 1,177.50 stands within the 52-week range of GBp 1,086.25 to GBp 1,428.50. It is 17.57 percent below the high and 8.40 percent above the low, placing the share closer to the lower end of its annual range than to the upper end.
Trading volume reached 1,445,123 shares by 12:04 p.m. BST on October 13, 2026, compared with an average volume of 9,906,913 shares. The intraday euro quote therefore provides the immediate German-market view, while the LSE figures frame the sterling valuation.
Valuation and utility comparison
National Grid has a market capitalization of GBP 59.2 billion, a price-to-earnings ratio of 18.12 and a dividend yield of 4.00 percent. The combination puts the company above United Utilities on the price-to-earnings measure, but below SSE on the same measure.
Comparison with peers
National Grid: plus 1.30 percent, P/E 18.12, market capitalization GBP 59.2 billion
SSE (LSE, GBp): plus 1.17 percent, P/E 24.58, market capitalization GBP 30.2 billion
United Utilities Group (LSE, GBp): plus 1.25 percent, P/E 16.90, market capitalization GBP 10.8 billion
What the target means for the share
The JPMorgan target cut leaves a measurable gap between the analyst view and the current LSE quotation. At GBp 1,310, the target is 11.25 percent above GBp 1,177.50, while the euro quote remains 1.30 percent above the October 12 Xetra close. The upcoming November 5 results now provide the next dated test for earnings performance and the valuation shown by the three utility stocks.
The further course of trading is shown by the continuously updated real-time quote of National Grid stock.
National Grid market details
- Company: National Grid plc
- ISIN: GB00BDR05C01
- Ticker: NG.L
- Primary exchange: LSE
- Price Lang & Schwarz (as of October 13, 2026, 1:02 p.m. CEST): EUR 13.97
- Change versus Xetra close: plus 1.30 percent
- Xetra close (October 12, 2026): EUR 13.79
- Market capitalization: GBP 59.2 billion (as of October 13, 2026)
- 52-week range: GBp 1,086.25-GBp 1,428.50 (as of October 13, 2026)
- Sector / Industry: Utilities / Electric Utilities
- Next earnings date: November 5, 2026
Market context: Market report FTSE 100.
