Jefferies Group lowered shares of Centrica PLC (LON:CNA) to an underperform rating in a report published on Thursday. They currently have GBX 190 ($2.48) price objective on the integrated energy company’s stock, down from their prior price objective of GBX 235 ($3.07).
A number of other research firms have also commented on CNA. Barclays PLC upped their price target on shares of Centrica PLC from GBX 230 ($3.00) to GBX 240 ($3.13) and gave the company an equal weight rating in a report on Wednesday, July 6th. Berenberg Bank reiterated a buy rating on shares of Centrica PLC in a report on Tuesday, June 14th. Deutsche Bank AG reiterated a hold rating and set a GBX 230 ($3.00) price target on shares of Centrica PLC in a report on Friday, August 12th. Goldman Sachs Group Inc. lowered shares of Centrica PLC to a sell rating and upped their price target for the company from GBX 211 ($2.75) to GBX 213 ($2.78) in a report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 250 ($3.26) price target on shares of Centrica PLC in a report on Friday, July 29th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. Centrica PLC currently has a consensus rating of Hold and an average target price of GBX 231.47 ($3.02).
Centrica PLC (LON:CNA) opened at 223.60 on Thursday. The stock’s market capitalization is GBX 11.56 billion. Centrica PLC has a 12-month low of GBX 182.50 and a 12-month high of GBX 248.39. The company’s 50-day moving average is GBX 232.24 and its 200 day moving average is GBX 224.65.
The company also recently announced a dividend, which will be paid on Thursday, November 24th. Shareholders of record on Thursday, October 13th will be paid a dividend of GBX 3.60 ($0.05) per share. This represents a yield of 1.49%. The ex-dividend date is Thursday, October 13th.
In other news, insider Ian Meakins bought 891 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were bought at an average price of GBX 226 ($2.95) per share, for a total transaction of £2,013.66 ($2,628.46). Also, insider Hester,Stephen bought 20,700 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were purchased at an average price of GBX 241 ($3.15) per share, for a total transaction of £49,887 ($65,118.13).
About Centrica PLC
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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