Centrica PLC Given New GBX 370 Price Target at Berenberg Bank (CNA)
Equities research analysts at Berenberg Bank hoisted their price target on shares of Centrica PLC (LON:CNA) from GBX 365 ($6.10) to GBX 370 ($6.19) in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 17.65% from the stock’s previous close.
A number of other analysts have also recently weighed in on CNA. Analysts at Raymond James reiterated an “underperform” rating on shares of Centrica PLC in a research note on Tuesday, August 12th. They now have a GBX 300 ($5.02) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Centrica PLC in a research note on Tuesday, August 12th. They now have a GBX 310 ($5.18) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Centrica PLC in a research note on Friday, August 8th. They now have a GBX 300 ($5.02) price target on the stock. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Centrica PLC currently has an average rating of “Hold” and an average target price of GBX 346.43 ($5.79).
Shares of Centrica PLC (LON:CNA) traded up 0.19% on Tuesday, hitting GBX 315.10. The stock had a trading volume of 2,456,504 shares. Centrica PLC has a 52 week low of GBX 302.50 and a 52 week high of GBX 403.20. The stock’s 50-day moving average is GBX 310.9 and its 200-day moving average is GBX 322.. The company’s market cap is £15.922 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, November 12th. Shareholders of record on Wednesday, September 24th will be given a dividend of GBX 5.10 ($0.09) per share. This represents a dividend yield of 1.65%. The ex-dividend date 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.
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