Royal Bank of Canada upgraded shares of Centrica (LON:CNA) to an outperform rating in a research note published on Monday. Royal Bank of Canada currently has GBX 175 ($2.42) price objective on the integrated energy company’s stock, up from their previous price objective of GBX 150 ($2.07).
Other research analysts have also issued research reports about the stock. Jefferies Group dropped their price objective on shares of Centrica from GBX 190 ($2.63) to GBX 155 ($2.14) and set a hold rating for the company in a report on Friday, December 8th. Deutsche Bank reiterated a sell rating and issued a GBX 160 ($2.21) price objective on shares of Centrica in a report on Wednesday, November 8th. Kepler Capital Markets upgraded shares of Centrica to a buy rating and set a GBX 190 ($2.63) price objective for the company in a report on Thursday, November 16th. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 150 ($2.07) price objective on shares of Centrica in a report on Tuesday, February 20th. Finally, Citigroup reiterated a neutral rating and issued a GBX 145 ($2.00) price objective on shares of Centrica in a report on Friday, December 1st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 180.25 ($2.49).
Centrica (LON CNA) opened at GBX 143 ($1.98) on Monday. The stock has a market cap of $8,010.00 and a P/E ratio of 2,383.33. Centrica has a fifty-two week low of GBX 119.71 ($1.65) and a fifty-two week high of GBX 227.70 ($3.15).
The company also recently declared a dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, May 10th will be issued a dividend of GBX 8.40 ($0.12) per share. This is a positive change from Centrica’s previous dividend of $3.60. The ex-dividend date is Thursday, May 10th. This represents a yield of 5.83%.
In related news, insider Iain C. Conn acquired 100,000 shares of Centrica stock in a transaction dated Tuesday, December 12th. The stock was bought at an average price of GBX 145 ($2.00) per share, with a total value of £145,000 ($200,331.58). Also, insider Jeff Bell acquired 40,000 shares of Centrica stock in a transaction dated Wednesday, February 28th. The shares were bought at an average cost of GBX 141 ($1.95) per share, with a total value of £56,400 ($77,922.08). In the last 90 days, insiders have acquired 144,808 shares of company stock valued at $20,815,359.
Centrica Company Profile
Centrica plc is an energy and services company. The Company’s segments include Energy Supply & Services-UK & Ireland, Energy Supply & Services-North America, Connected Home, Distributed Energy & Power, Energy Marketing & Trading, Exploration & Production, Central Power Generation and Centrica Storage.
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