Centrica PLC (LON:CNA) was downgraded by analysts at Jefferies Group to an “underperform” rating in a research report issued on Thursday. They currently have a GBX 190 ($2.48) price target on the integrated energy company’s stock, down from their prior price target of GBX 235 ($3.07). Jefferies Group’s target price suggests a potential downside of 16.45% from the company’s current price.
CNA has been the topic of a number of other reports. Goldman Sachs Group Inc. cut shares of Centrica PLC to a “sell” rating and lifted their price objective for the company from GBX 211 ($2.75) to GBX 213 ($2.78) in a research note on Wednesday, September 7th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 270 ($3.52) target price on shares of Centrica PLC in a research report on Thursday, September 8th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 250 ($3.26) target price on shares of Centrica PLC in a research report on Wednesday, September 14th. Berenberg Bank restated a “buy” rating and issued a GBX 230 ($3.00) target price on shares of Centrica PLC in a research report on Wednesday, July 20th. Finally, Royal Bank Of Canada cut their target price on shares of Centrica PLC from GBX 280 ($3.65) to GBX 250 ($3.26) and set an “outperform” rating on the stock in a research report on Thursday, June 30th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. Centrica PLC presently has an average rating of “Hold” and a consensus target price of GBX 231.47 ($3.02).
Shares of Centrica PLC (LON:CNA) opened at 226.403 on Thursday. Centrica PLC has a 52-week low of GBX 182.50 and a 52-week high of GBX 248.39. The company has a 50 day moving average of GBX 232.86 and a 200-day moving average of GBX 224.77. The company’s market cap is GBX 11.70 billion.
The firm also recently announced a dividend, which will be paid on Thursday, November 24th. Stockholders of record on Thursday, October 13th will be given a dividend of GBX 3.60 ($0.05) per share. This represents a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, October 13th.
In other news, insider Meakins,Ian purchased 967 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The shares were acquired at an average cost of GBX 209 ($2.73) per share, for a total transaction of £2,021.03 ($2,638.08). Also, insider Valle,Margherita D. purchased 842 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were purchased at an average price of GBX 236 ($3.08) per share, for a total transaction of £1,987.12 ($2,593.81).
Centrica PLC Company Profile
Centrica plc is an integrated energy company. The Company operates through three segments: International Downstream, International Upstream and Centrica Storage. It offers Hive Active Heating 2, which is an advancement of its smart thermostat. The International Downstream segment includes the operations of British Gas, Direct Energy and Bord Gais Energy.
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