Sanford C. Bernstein Reaffirms “Underperform” Rating for Centrica PLC (CNA)
Centrica PLC (LON:CNA)‘s stock had its “underperform” rating reiterated by equities researchers at Sanford C. Bernstein in a research report issued on Monday. They currently have a GBX 300 ($4.98) price target on the stock. Sanford C. Bernstein’s target price indicates a potential downside of 6.07% from the company’s current price.
Shares of Centrica PLC (LON:CNA) opened at 320.60 on Monday. 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 312.1 and its 200-day moving average is GBX 322.6. The company’s market cap is £16.200 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 ($0.08) per share. This represents a dividend yield of 1.65%. The ex-dividend date is Wednesday, September 24th.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Centrica PLC in a research note on Wednesday, August 27th. They now have a GBX 350 ($5.81) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector performer” rating on shares of Centrica PLC in a research note on Friday, August 22nd. They now have a GBX 320 ($5.31) price target on the stock. Finally, analysts at Berenberg Bank raised their price target on shares of Centrica PLC from GBX 365 ($6.06) to GBX 370 ($6.14) in a research note on Tuesday, August 19th. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Centrica PLC presently has an average rating of “Hold” and a consensus target price of GBX 344.52 ($5.72).
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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