Centrica PLC (CNA) Receives “Underperform” Rating from Jefferies Group LLC
Jefferies Group LLC reiterated their underperform rating on shares of Centrica PLC (LON:CNA) in a research report sent to investors on Friday morning. They currently have a GBX 190 ($2.35) price objective on the integrated energy company’s stock.
Several other brokerages also recently weighed in on CNA. Investec restated a buy rating and issued a GBX 260 ($3.21) target price on shares of Centrica PLC in a research note on Friday, January 13th. Goldman Sachs Group Inc decreased their target price on shares of Centrica PLC from GBX 218 ($2.69) to GBX 214 ($2.64) and set a sell rating for the company in a research note on Wednesday, March 15th. Credit Suisse Group AG decreased their target price on shares of Centrica PLC from GBX 270 ($3.33) to GBX 255 ($3.15) and set an outperform rating for the company in a research note on Thursday, January 19th. Morgan Stanley decreased their target price on shares of Centrica PLC from GBX 235 ($2.90) to GBX 215 ($2.66) and set an equal weight rating for the company in a research note on Tuesday, March 14th. Finally, Royal Bank of Canada restated a sector perform rating and issued a GBX 250 ($3.09) target price on shares of Centrica PLC in a research note on Monday, January 30th. Seven research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 226.33 ($2.80).
Shares of Centrica PLC (LON:CNA) traded down 1.06% during mid-day trading on Friday, hitting GBX 214.20. 23,572,601 shares of the stock traded hands. The firm’s 50 day moving average price is GBX 227.08 and its 200-day moving average price is GBX 222.63. Centrica PLC has a 12-month low of GBX 195.18 and a 12-month high of GBX 248.39. The stock’s market cap is GBX 11.71 billion.
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The firm also recently announced a dividend, which will be paid on Thursday, June 29th. Shareholders of record on Thursday, May 11th will be issued a dividend of GBX 8.40 ($0.10) per share. This represents a dividend yield of 3.72%. This is a boost from Centrica PLC’s previous dividend of $3.60. The ex-dividend date is Thursday, May 11th.
In other news, insider Stephen Pusey acquired 1,009 shares of the company’s stock in a transaction that occurred on Wednesday, December 28th. The shares were acquired at an average price of GBX 232 ($2.87) per share, with a total value of £2,340.88 ($2,891.05). Also, insider Margherita D. Valle acquired 884 shares of the company’s stock in a transaction that occurred on Wednesday, January 25th. The stock was purchased at an average cost of GBX 225 ($2.78) per share, for a total transaction of £1,989 ($2,456.47). Insiders have acquired 2,962 shares of company stock worth $676,023 over the last three months.
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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