Centrica PLC’s (CNA) Overweight Rating Reiterated at JPMorgan Chase & Co.
JPMorgan Chase & Co. reiterated their overweight rating on shares of Centrica PLC (LON:CNA) in a research report released on Wednesday morning. The firm currently has a GBX 250 ($3.33) price objective on the integrated energy company’s stock.
A number of other analysts also recently commented on CNA. Royal Bank Of Canada reduced their price objective on Centrica PLC from GBX 280 ($3.73) to GBX 250 ($3.33) and set an outperform rating for the company in a research report on Thursday, June 30th. BNP Paribas reiterated a neutral rating and issued a GBX 240 ($3.20) price objective on shares of Centrica PLC in a research report on Tuesday, May 31st. Deutsche Bank AG reiterated a hold rating and issued a GBX 190 ($2.53) price objective on shares of Centrica PLC in a research report on Tuesday, July 26th. Macquarie reiterated an outperform rating and issued a GBX 280 ($3.73) price objective on shares of Centrica PLC in a research report on Monday, June 13th. Finally, Credit Suisse Group AG reiterated an outperform rating and issued a GBX 270 ($3.60) price objective on shares of Centrica PLC in a research report on Thursday, September 8th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 233.84 ($3.11).
Shares of Centrica PLC (LON:CNA) opened at 229.40 on Wednesday. The firm’s market cap is GBX 11.86 billion. The stock has a 50 day moving average price of GBX 234.18 and a 200 day moving average price of GBX 224.33. Centrica PLC has a one year low of GBX 182.50 and a one year high of GBX 248.39.
The firm also recently announced a dividend, which will be paid on Thursday, November 24th. Shareholders of record on Thursday, October 13th will be issued a dividend of GBX 3.60 ($0.05) per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a yield of 1.49%.
In other Centrica PLC news, insider Pusey,Stephen bought 972 shares of Centrica PLC stock in a transaction on Monday, July 25th. The shares were purchased at an average cost of GBX 240 ($3.20) per share, for a total transaction of £2,332.80 ($3,107.09). Also, insider Hester,Stephen bought 20,700 shares of Centrica PLC stock in a transaction on Friday, July 29th. The shares were acquired at an average price of GBX 241 ($3.21) per share, for a total transaction of £49,887 ($66,445.13).
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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