National Grid share price: what’s the latest ahead of its half-year results?

The utilities company delivers its half-year results next week, with it likely to please investors with its latest trading update, though Ofgem’s proposals could dent dividends.

National Grid unveils its half-year results next Thursday, with investors expecting another strong performance from utilities company.

However, energy regulator Ofgem has proposed slashing the allowed rates of return for utilities companies over the next five-year cycle, beginning in 2021 – making dividend increases harder for the company.

Looking to trade National Grid and other utilities stocks? Open a live or demo account with IG.

Analysts upbeat about National Grid’s price trajectory

Credit Suisse and Deutsche Bank both upgraded their rating for the stock in October, issuing a target price of 970p and 930p respectively.

Based on National Grid’s current share price of 897p as of market close on Wednesday, the two banks believe that the stock has a potential upside between 3.6% to 8.1%.

You can go long or short National Grid with IG using derivatives like CFDs.

Threat of renationalisation in the UK persists

Labour leader Jeremy Corbyn has made it clear that his party would prioritise the renationalisation of utilities companies his party were to win the upcoming general election on December 12 – something that remains a significant concern for investors.

Another concern is of course the threat of a no-deal Brexit. Earlier this year, National Grid warned of gas supply risk in the event of a no-deal, with the UK potentially cut off from supplies from Europe if Britain were to leave the bloc without a deal.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.


Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.