LONDON, Jan 10, 2026, 08:57 GMT — Market closed.
- National Grid closed up 0.8% on Friday, hovering under its recent peak
- Barclays lifted its target price while keeping a “buy” call, MarketScreener reported
- Storm Goretti caused outages in Britain; network restoration updates stay in focus
National Grid (NG.L) shares ended Friday up 0.8% at 1,192.5 pence, leaving the utility close to the top of its recent trading range ahead of Monday’s reopen. (Investing)
The stock’s next leg will still hinge on regulation. Britain’s regulator Ofgem is setting the returns and spending allowances that drive cash flows for grid owners, and it has already approved a 28 billion pound upgrade plan that it said would add to household bills over time. (Reuters)
Weather is the other live wire. Storm Goretti cut power to tens of thousands of homes in Britain on Friday as it swept across northern Europe, Reuters reported, keeping attention on how quickly operators can restore supply and what it costs. (Reuters)
Barclays kept a “Buy” rating on National Grid and raised its target price to 1,400 pence from 1,210, according to a MarketScreener report citing a note by analyst Dominic Nash. (MarketScreener)
A separate filing showed small monthly share purchases by two senior managers under the company’s employee share plan, including finance chief Andy Agg and chief people officer Will Serle. (TradingView)
On its UK power cuts site, National Grid said it had “successfully restored the majority of properties affected by the storm” and that crews would work “around the clock” for customers still without supply. (Powercuts Portal)
Technically, the shares are bumping up against their recent ceiling: Friday’s session ranged between 1,175p and 1,193p, leaving the stock just shy of the 1,195p top of its stated 52-week range. (Share Prices)
But the weekend calm can flip. A longer restoration tail, higher repair costs, or a tougher regulatory outcome on allowed returns could weigh on sentiment, particularly with utilities often trading in step with bond yields.
Investors’ next diary item is close: National Grid’s interim dividend is due to be paid on Jan. 13, with the company’s full-year results scheduled for May 14, according to its financial timetable. (Investegate)