Royal Bank Of Canada cut shares of Centrica PLC (LON:CNA) to a sector performer rating in a research note published on Monday morning. The firm currently has GBX 240 ($3.13) price objective on the integrated energy company’s stock, down from their prior price objective of GBX 250 ($3.26).
A number of other research firms have also recently commented on CNA. Barclays PLC raised their target price on Centrica PLC from GBX 230 ($3.00) to GBX 240 ($3.13) and gave the company an equal weight rating in a research report on Wednesday, July 6th. Berenberg Bank restated a buy rating on shares of Centrica PLC in a research report on Tuesday, June 14th. Deutsche Bank AG restated a hold rating and set a GBX 230 ($3.00) target price on shares of Centrica PLC in a research report on Friday, August 12th. Goldman Sachs Group Inc. cut Centrica PLC to a sell rating and raised their target price for the company from GBX 211 ($2.75) to GBX 213 ($2.78) in a research report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. restated an overweight rating and set a GBX 250 ($3.26) target price on shares of Centrica PLC in a research report on Friday, July 29th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 230.95 ($3.01).
Shares of Centrica PLC (LON:CNA) opened at 221.50 on Monday. The stock’s market capitalization is GBX 11.45 billion. Centrica PLC has a 12 month low of GBX 182.50 and a 12 month high of GBX 248.39. The firm’s 50-day moving average price is GBX 231.27 and its 200-day moving average price is GBX 224.74.
The business also recently announced a dividend, which will be paid on Thursday, November 24th. Stockholders of record on Thursday, October 13th will be issued a dividend of GBX 3.60 ($0.05) per share. This represents a dividend yield of 1.49%. The ex-dividend date is Thursday, October 13th.
In other news, insider Valle,Margherita D. purchased 842 shares of Centrica PLC stock in a transaction dated Thursday, August 25th. The shares were purchased at an average price of GBX 236 ($3.08) per share, with a total value of £1,987.12 ($2,593.81). Also, insider Ian Meakins purchased 891 shares of Centrica PLC stock in a transaction dated Monday, September 26th. The shares were purchased at an average cost of GBX 226 ($2.95) per share, for a total transaction of £2,013.66 ($2,628.46).
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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