Centrica PLC Receives Average Rating of “Hold” from Brokerages (LON:CNA)
Centrica PLC (LON:CNA) has been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are covering the stock, StockRatingsNetwork reports. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 346.43 ($5.79).
Shares of Centrica PLC (LON:CNA) traded up 0.73% on Wednesday, hitting GBX 317.20. The stock had a trading volume of 2,809,872 shares. Centrica PLC has a 1-year low of GBX 302.50 and a 1-year high of GBX 403.20. The stock has a 50-day moving average of GBX 311.0 and a 200-day moving average of GBX 322.5. The company’s market cap is £16.028 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, November 12th. Shareholders of record on Wednesday, September 24th will be paid 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.
A number of analysts have recently weighed in on CNA shares. Analysts at Berenberg Bank raised their price target on shares of Centrica PLC from GBX 365 ($6.10) to GBX 370 ($6.19) in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
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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