Centrica PLC’s (CNA) Overweight Rating Reiterated at JPMorgan Chase & Co.
JPMorgan Chase & Co. restated their overweight rating on shares of Centrica PLC (LON:CNA) in a research note issued to investors on Wednesday morning. They currently have a GBX 250 ($3.33) target price on the integrated energy company’s stock.
Several other equities research analysts have also recently weighed in on the company. BNP Paribas restated a neutral rating and set a GBX 240 ($3.20) target price on shares of Centrica PLC in a research note on Tuesday, September 13th. Credit Suisse Group AG reiterated an outperform rating and set a GBX 270 ($3.60) price target on shares of Centrica PLC in a report on Thursday, September 8th. Goldman Sachs Group Inc. downgraded shares of Centrica PLC to a sell rating and upped their price target for the stock from GBX 211 ($2.81) to GBX 213 ($2.84) in a report on Wednesday, September 7th. Barclays PLC upped their price target on shares of Centrica PLC from GBX 240 ($3.20) to GBX 245 ($3.26) and gave the stock an equal weight rating in a report on Friday, August 19th. Finally, Numis Securities Ltd reiterated an add rating and set a GBX 210 ($2.80) price target on shares of Centrica PLC in a report on Tuesday, August 16th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 233.84 ($3.11).
Centrica PLC (LON:CNA) opened at 229.40 on Wednesday. The firm’s 50-day moving average price is GBX 234.18 and its 200 day moving average price is GBX 224.33. The company’s market capitalization is GBX 11.86 billion. Centrica PLC has a 12-month low of GBX 182.50 and a 12-month high of GBX 248.39.
The firm also recently declared a dividend, which will be paid on Thursday, November 24th. Investors of record on Thursday, October 13th will be given a GBX 3.60 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a yield of 1.49%.
In other news, insider Hester,Stephen acquired 20,700 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was purchased at an average price of GBX 241 ($3.21) per share, for a total transaction of £49,887 ($66,445.13). Also, insider Meakins,Ian acquired 967 shares of the firm’s stock in a transaction on Tuesday, June 28th. The stock was purchased at an average price of GBX 209 ($2.78) per share, with a total value of £2,021.03 ($2,691.84).
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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