Centrica PLC (CNA) Downgraded by Jefferies Group
Centrica PLC (LON:CNA) was downgraded by equities researchers at Jefferies Group to an “underperform” rating in a report released on Thursday. They currently have a GBX 190 ($2.48) target price on the integrated energy company’s stock, down from their prior target price of GBX 235 ($3.07). Jefferies Group’s target price would suggest a potential downside of 16.19% from the company’s previous close.
CNA has been the topic of several other research reports. BNP Paribas restated a “neutral” rating and issued a GBX 240 ($3.13) price target on shares of Centrica PLC in a research report on Wednesday, July 27th. Credit Suisse Group AG boosted their price target on shares of Centrica PLC from GBX 260 ($3.39) to GBX 270 ($3.52) and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 250 ($3.26) price target on shares of Centrica PLC in a research report on Friday, July 29th. Deutsche Bank AG restated a “hold” rating and issued a GBX 190 ($2.48) price target on shares of Centrica PLC in a research report on Monday, August 1st. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 230 ($3.00) price target on shares of Centrica PLC in a research report on Wednesday, July 20th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 231.47 ($3.02).
Centrica PLC (LON:CNA) opened at 223.60 on Thursday. The firm has a 50-day moving average of GBX 233.01 and a 200 day moving average of GBX 224.64. The company’s market capitalization is GBX 11.56 billion. Centrica PLC has a one year low of GBX 182.50 and a one year high of GBX 248.39.
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The business also recently disclosed a dividend, which will be paid on Thursday, November 24th. Stockholders of record on Thursday, October 13th will be issued a dividend of GBX 3.60 ($0.05) per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a dividend yield of 1.49%.
In related news, insider Hester,Stephen acquired 20,700 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were purchased at an average price of GBX 241 ($3.15) per share, for a total transaction of £49,887 ($65,118.13). Also, insider Pusey,Stephen acquired 972 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were bought at an average price of GBX 240 ($3.13) per share, for a total transaction of £2,332.80 ($3,045.03).
Centrica PLC Company Profile
Centrica plc is an integrated energy company. The Company operates through three segments: International Downstream, International Upstream and Centrica Storage. It offers Hive Active Heating 2, which is an advancement of its smart thermostat. The International Downstream segment includes the operations of British Gas, Direct Energy and Bord Gais Energy.
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