Sanford C. Bernstein Reiterates Underperform Rating for Centrica PLC (CNA)
Centrica PLC (LON:CNA)‘s stock had its “underperform” rating reaffirmed by Sanford C. Bernstein in a research note issued on Friday. They currently have a GBX 300 ($5.05) price target on the stock. Sanford C. Bernstein’s price target would suggest a potential downside of 3.01% from the company’s current price.
Shares of Centrica PLC (LON:CNA) opened at 307.80 on Friday. Centrica PLC has a 52-week low of GBX 302.50 and a 52-week high of GBX 403.20. The stock has a 50-day moving average of GBX 312.3 and a 200-day moving average of GBX 322.8. The company’s market cap is £15.553 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Kepler Capital Markets reiterated a “hold” rating on shares of Centrica PLC in a research note on Thursday. They now have a GBX 320 ($5.38) price target on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Centrica PLC in a research note on Monday. They now have a GBX 365 ($6.14) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Centrica PLC in a research note on Monday. They now have a GBX 310 ($5.22) price target on the stock. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 346.19 ($5.83).
Centrica plc is an integrated energy company. The Company operates in four segments: British Gas, Centrica Energy, Centrica Storage and Direct Energy.
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