HSBC Holdings plc Trims Centrica PLC (CNA) Target Price to GBX 190
Centrica PLC (LON:CNA) had its target price cut by HSBC Holdings plc from GBX 202 ($2.68) to GBX 190 ($2.52) in a research note published on Thursday. They currently have a hold rating on the integrated energy company’s stock.
Other equities analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) reiterated a sell rating and issued a GBX 174 ($2.31) target price on shares of Centrica PLC in a research report on Thursday, June 22nd. J P Morgan Chase & Co reiterated a neutral rating and issued a GBX 205 ($2.72) target price on shares of Centrica PLC in a research report on Monday, July 10th. Deutsche Bank AG reiterated a sell rating and issued a GBX 160 ($2.12) target price on shares of Centrica PLC in a research report on Thursday, June 8th. Credit Suisse Group reiterated a neutral rating and issued a GBX 225 ($2.98) target price on shares of Centrica PLC in a research report on Friday, September 22nd. Finally, Barclays PLC raised their price objective on shares of Centrica PLC from GBX 195 ($2.59) to GBX 215 ($2.85) and gave the company an equal weight rating in a research report on Monday, June 12th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Centrica PLC currently has an average rating of Hold and a consensus target price of GBX 208.35 ($2.76).
Shares of Centrica PLC (LON CNA) opened at 174.50 on Thursday. The stock’s market cap is GBX 9.57 billion. The company’s 50-day moving average is GBX 192.60 and its 200-day moving average is GBX 201.67. Centrica PLC has a 12-month low of GBX 119.71 and a 12-month high of GBX 236.90.
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The firm also recently disclosed a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 12th will be given a dividend of GBX 3.60 ($0.05) per share. This represents a yield of 1.83%. The ex-dividend date is Thursday, October 12th.
In related news, insider Stephen Pusey purchased 1,142 shares of the stock in a transaction on Thursday, August 17th. The shares were bought at an average price of GBX 205 ($2.72) per share, for a total transaction of £2,341.10 ($3,105.32). Also, insider Margherita D. Valle purchased 1,043 shares of the stock in a transaction on Monday, September 25th. The shares were bought at an average price of GBX 190 ($2.52) per share, for a total transaction of £1,981.70 ($2,628.60). In the last ninety days, insiders have purchased 3,389 shares of company stock worth $675,598.
About Centrica PLC
Centrica plc is an energy and services company. The Company’s segments include Energy Supply & Services-UK & Ireland, Energy Supply & Services-North America, Connected Home, Distributed Energy & Power, Energy Marketing & Trading, Exploration & Production, Central Power Generation and Centrica Storage.
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