---
title: "研究警报：CFRA 维持对英国国家电网的买入评级"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/286396310.md"
description: "CFRA 对英国国家电网公司（National Grid Plc，股票代码：NGG）维持买入评级，将 12 个月目标价从 100 美元上调至 101 美元，基于 2027 财年的市盈率为 16.9 倍。2027 财年的每股收益（EPADS）修正为 4.45 英镑，同时 2028 财年的每股收益（EPADS）首次引入为 4.80 英镑。2026 财年的基础营业利润增长 6%，达到 57 亿英镑，按固定汇率计算每股收益增长 8%。国家电网的目标是实现 10% 的资产年均增长率和 8%-10% 的基础每股收益年均增长率，得益于到 2031 财年 70 亿英镑的投资承诺。RIIO-T3 的批准被视为盈利透明度的关键"
datetime: "2026-05-14T10:00:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286396310.md)
  - [en](https://longbridge.com/en/news/286396310.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286396310.md)
---

# 研究警报：CFRA 维持对英国国家电网的买入评级

06:00 AM EDT, 05/14/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We revised our 12-month target price for National Grid ( NGG ) to USD101 (from USD100), based on a FY 27 (Mar.) P/E of 16.9x, above its five-year forward P/E average of 14.8x, justified in our view by its earnings growth from increased grid investments. We revised our FY 27 EPADS to GBP4.45 (from GBP4.15), justified in our view by increased earnings growth from accelerated investments. We introduce our FY 28 EPADS at GBP4.80. NG's FY 26 underlying operating profit grew 6% Y/Y to GBP5.7 bln, owing to strong operational performance across regulated businesses. Underlying EPS rose 8% at constant currency to GBP0.78, establishing a strong baseline for its upgraded five-year financial framework. Looking ahead, NG extended its five-year financial framework to FY 31 with an upgraded investment commitment of at least GBP70 bln. The company targets 10% asset growth CAGR and 8%-10% underlying EPS CAGR. We think the secured regulatory momentum with RIIO-T3 approval is crucial for earnings transparency. Maintain Buy.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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- [NG.UK](https://longbridge.com/zh-CN/quote/NG.UK.md)
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