National Grid Stock Forecast

Stock Price Forecast

According to 15 analysts polled by S&P Global, National Grid stock has a consensus rating of "Hold" and an average price target of 1,362p. The average 1-year stock price forecast is 9.79% higher than the current stock price, while the lowest is 1,060p (-14.55%) and the highest is 1,500p (+20.92%).

Price Target: 1,362p (+9.79%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	1,060p	1,362p	1,400p	1,500p
Change	-14.55%	+9.79%	+12.86%	+20.92%

Analyst Ratings

The average analyst rating for National Grid stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	7	5	5	5	3	3
Buy	4	4	4	4	4	4
Hold	4	5	5	5	6	6
Sell	1	1	1	1	1	1
Strong Sell	0	1	1	1	1	1
Total	16	16	16	16	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Fisher Berenberg Bank	Berenberg Bank	Hold Maintains 1,350p	Hold	Maintains	1,350p	+8.83%	Jul 10, 2026
Dominic Nash Barclays	Barclays	Buy Maintains 1,500p	Buy	Maintains	1,500p	+20.92%	Jul 2, 2026
Alexander Wheeler RBC Capital	RBC Capital	Hold Maintains 1,375p	Hold	Maintains	1,375p	+10.84%	Jul 1, 2026
Ahmed Farman Jefferies	Jefferies	Hold Maintains 1,410p	Hold	Maintains	1,410p	+13.66%	Jul 1, 2026
Pavan Mahbubani J.P. Morgan	J.P. Morgan	Buy Maintains 1,440p	Buy	Maintains	1,440p	+16.08%	Jul 1, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

19.68B

from 17.69B

11.29%

from 17.69B

Revenue Next Year

21.08B

from 19.68B

7.07%

from 19.68B

EPS This Year

0.89

from 0.78

13.79%

from 0.78

EPS Next Year

0.97

from 0.89

9.30%

from 0.89

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	18.45B	21.66B	19.85B	18.38B	17.69B	19.68B
Revenue Growth	35.01%	17.40%	-8.35%	-7.42%	-3.76%	11.29%
Net Income	2.35B	7.80B	2.29B	2.90B	3.24B	4.40B
EPS	-	-	-	-	0.78	0.89
EPS Growth	-	-	-	-	40.79%	13.79%
Forward PE	17.62	15.06	14.72	13.84	14.76	13.98
Dividend / Share	0.51	0.55	0.59	0.47	0.48	0.50
Dividend Growth	-	8.77%	5.56%	-20.16%	3.79%	2.14%
Free Cash Flow	-1.95B	-1.32B	-2.45B	-6.91B	-3.13B	-4.16B
FFO	-	-	-	-	-	7.13B
No. Analysts	-	-	-	-	-	9

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is GBP.

Revenue Forecast

Revenue	2027	2028	2029
High	20.9B
Avg	19.7B
Low	18.8B

Revenue Growth

Revenue Growth	2027	2028	2029
High	17.9%
Avg	11.3%
Low	6.6%

EPS Forecast

EPS	2027	2028	2029
High	0.91
Avg	0.89
Low	0.78

EPS Growth

EPS Growth	2027	2028	2029
High	16.9%
Avg	13.8%
Low	-0.4%