Centrica PLC (CNA) Given Average Recommendation of “Hold” by Analysts
Centrica PLC (LON:CNA) has earned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 123.50 ($1.61).
Several brokerages recently commented on CNA. Jefferies Financial Group reissued a “hold” rating and set a GBX 125 ($1.63) price target on shares of Centrica in a research report on Thursday, February 21st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Centrica in a research report on Friday, February 22nd. Goldman Sachs Group cut Centrica to a “neutral” rating and reduced their price target for the company from GBX 158 ($2.06) to GBX 132 ($1.72) in a research report on Friday, February 22nd. Royal Bank of Canada reduced their price target on Centrica from GBX 130 ($1.70) to GBX 115 ($1.50) and set an “underperform” rating for the company in a research report on Wednesday, February 27th. Finally, Morgan Stanley reissued an “underweight” rating and set a GBX 105 ($1.37) price target on shares of Centrica in a research report on Thursday, January 17th.
CNA stock opened at GBX 105.75 ($1.38) on Monday. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 120.42. The stock has a market cap of $6.02 billion and a PE ratio of 33.05. Centrica has a fifty-two week low of GBX 105.10 ($1.37) and a fifty-two week high of GBX 164.50 ($2.15).
The business also recently declared a dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 9th will be given a dividend of GBX 8.40 ($0.11) per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a yield of 6.12%. This is an increase from Centrica’s previous dividend of $3.60. Centrica’s dividend payout ratio is currently 3.75%.
In related news, insider Iain C. Conn sold 126,962 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of GBX 114 ($1.49), for a total transaction of £144,736.68 ($189,124.11). Also, insider Charles Berry purchased 40,000 shares of Centrica stock in a transaction that occurred on Friday, March 29th. The shares were bought at an average cost of GBX 115 ($1.50) per share, for a total transaction of £46,000 ($60,107.15). Insiders have purchased 140,231 shares of company stock worth $16,929,964 in the last three months.
Centrica Company Profile
Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, Germany, Norway, rest of Europe, the United States, Canada, and internationally. The company operates through Centrica Consumer, Centrica Business, Exploration & Production, and Centrica Storage segments.
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