National Grid raises outlook: UBS keeps GBp 1,110 target for National Grid stock

Published on 10/26/2026 at 10:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

National Grid expects fiscal 2027 growth above 13 to 15 percent. National Grid stock costs EUR 14.61 on October 26, 2026 versus EUR 14.62.

Guidance and analyst counterweight

National Grid expects fiscal 2027 earnings-per-share growth above the 13 to 15 percent guidance range after its October 5 update.
UBS kept its Sell rating and GBp 1,110 target on October 20, 2026.
National Grid stock traded at EUR 14.61 at 10:46 a.m. CET on October 26, 2026, 0.03 percent below the October 23, 2026 Xetra close of EUR 14.62.

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National Grid stock (ISIN GB00BDR05C01) was trading at EUR 14.61 at Lang & Schwarz on October 26, 2026 at 10:46 a.m. CET, 0.03 percent below the Xetra close of October 23, 2026 (EUR 14.62). On October 5, 2026, Financial Times reported that National Grid expected fiscal 2027 underlying earnings-per-share growth slightly above its previous 13 to 15 percent guidance range. On October 20, 2026, Markets Insider said UBS kept a Sell rating and a GBp 1,110 price target.

Three signals shape the stock

National Grid's recent sequence has three dated markers. On October 5, 2026, the company lifted its fiscal 2027 earnings-growth outlook above 13 to 15 percent. On October 20, 2026, UBS maintained its Sell rating and GBp 1,110 target. On October 26, 2026, the euro quotation stood at EUR 14.61 during the regular Xetra-aligned session.

What supports the higher outlook?

The upgrade came from National Grid Ventures and Other rather than the regulated networks. The October 5 update said the activities could deliver GBP 130 million of additional first-half performance versus expectations, reflecting one-off fair-value gains from two capital-market transactions and stronger interconnector performance. The same release said regulated businesses were performing in line with expectations, which makes the quality of the uplift important for the November report.

November 5 results date

National Grid is scheduled to publish half-year results for the six months ended September 30, 2026, on November 5, 2026, according to the Financial Times. The report should show how much of the improved outlook came from recurring operations rather than valuation gains.

Guidance meets a cautious target

National Grid's latest full-year page lists fiscal 2025/26 underlying operating profit of GBP 5,680 million, up 8.8 percent from GBP 5,221 million, while capital investment rose 21.3 percent to GBP 11,576 million from GBP 9,542 million, according to National Grid. That investment profile supports the network-growth case but also explains why analysts are watching execution and funding closely.

The stock's small move versus the October 23 Xetra close leaves the October 5 guidance update and the November 5 results date as the clearest reference points for the next assessment. National Grid is listed on the London Stock Exchange under ticker NG., as identified by Hargreaves Lansdown.

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