National Grid's Growth Targets are Well Underpinned
Dow Jones
7 hours ago
0735 GMT - National Grid's asset and earnings growth targets are well underpinned, if not leaning toward the conservative side, J.P. Morgan analysts write. The energy company said its regulated business was trading in line with expectations and forecast group EPS growth of 13%-15% for fiscal 2027. "Over 90% of the company's investments in the coming years will be in regulated businesses, underpinned by robust frameworks that offer a high degree of earnings and cash-flow visibility," the analysts say. JPM has an overweight rating on the stock and 14.40 pound target price. Shares are up 0.8% at 11.55 pounds.
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