Citi keeps Hold target for National Grid stock at GBp 1,175

Published on 10/27/2026 at 17:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

National Grid posted 8.8 percent higher underlying operating profit for fiscal 2025/26. National Grid stock costs EUR 14.66 on October 27, 2026.

Analyst target and earnings

Citi maintained a Hold rating and set a GBp 1,175 target on October 19, 2026.
Underlying operating profit rose 8.8 percent in fiscal year 2025/26.
National Grid stock costs EUR 14.66 at Lang & Schwarz on October 27, 2026 at 5:13 p.m. CEST.
National Grid reports half-year results on November 5, 2026.

National Grid, GB00BDR05C01, Illustration mit AI erstellt.

National Grid (GB00BDR05C01) received a Hold rating from Citi, which set a GBp 1,175 price target in a note dated October 19, 2026, according to Markets Insider. The stock was trading at EUR 14.66 at Lang & Schwarz on October 27, 2026 at 5:13 p.m. CEST.

Profit growth supports the valuation

National Grid's investor page reports an 8.8 percent increase in underlying operating profit to GBP 5,680 million for fiscal year 2025/26, compared with GBP 5,221 million in fiscal year 2024/25. Underlying earnings per share rose 8.3 percent to GBp 78.00 from GBp 72.00, while capital investment increased 21.3 percent to GBP 11,576 million from GBP 9,542 million, according to National Grid.

What does Citi's target imply?

National Grid's London listing was quoted at GBp 1,223.00 on October 27, 2026 at 5:21 p.m. BST. That level stands 4.09 percent above Citi's GBp 1,175 target, calculated from the two pence-denominated values. Citi's Hold view therefore puts the current London price above its published target, while the company enters its next scheduled results date with higher full-year operating profit.

Results date sets the next marker

National Grid's half-year results for the six months ended September 30, 2026 are scheduled for November 5, 2026. The date and the company's expectation for fiscal 2027 earnings-per-share growth slightly above its 13 to 15 percent guidance were reported in the October 5 pre-close filing by StockTitan. The filing also described an additional GBP 130 million of first-half performance relative to expectations, including one-off fair value gains.

Comparison with peers

National Grid: price-to-earnings ratio 18.85, market capitalization GBP 61.5 billion. SSE (LSE, GBp): price-to-earnings ratio 24.43, market capitalization GBP 30.3 billion. Centrica (LSE, GBp): price-to-earnings ratio 9.42, market capitalization GBP 6.8 billion.

Target and price in context

The contrast between the current London quotation and Citi's target is the clearest valuation marker in the available figures. UBS separately maintained a Sell rating with a GBp 1,110 target on October 20, 2026, according to MarketScreener. National Grid's next report will provide the next dated test of earnings growth and capital investment.

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