Centrica PLC Receives Sell Rating from Investec (CNA)
Centrica PLC (LON:CNA)‘s stock had its “sell” rating reaffirmed by equities researchers at Investec in a research report issued on Friday. They currently have a GBX 300 ($5.09) price objective on the stock. Investec’s price objective points to a potential downside of 2.91% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “hold” rating on shares of Centrica PLC in a research note on Tuesday. They now have a GBX 295 ($5.01) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Centrica PLC in a research note on Monday. They now have a GBX 290 ($4.92) price target on the stock. Finally, analysts at BNP Paribas reiterated an “underperform” rating on shares of Centrica PLC in a research note on Friday, July 25th. They now have a GBX 310 ($5.26) price target on the stock. Six research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 345.48 ($5.87).
Shares of Centrica PLC (LON:CNA) traded down 0.71% on Friday, hitting GBX 306.80. 5,858,494 shares of the company’s stock traded hands. Centrica PLC has a one year low of GBX 302.50 and a one year high of GBX 403.20. The stock’s 50-day moving average is GBX 314.7 and its 200-day moving average is GBX 323.3. The company’s market cap is £15.568 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, November 12th. Stockholders of record on Wednesday, September 24th will be given a dividend of GBX 5.10 ($0.09) per share. This represents a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, September 24th.
Centrica plc is an integrated energy company. The Company operates in four segments: British Gas, Centrica Energy, Centrica Storage and Direct Energy.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.