Centrica PLC (CNA) Given Average Rating of “Hold” by Analysts
Shares of Centrica PLC (LON:CNA) have been assigned a consensus recommendation of “Hold” from the twenty analysts that are currently covering the company. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 230.95 ($2.81).
A number of brokerages have recently issued reports on CNA. Barclays PLC boosted their target price on shares of Centrica PLC from GBX 230 ($2.80) to GBX 240 ($2.93) and gave the company an “equal weight” rating in a research note on Wednesday, July 6th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 230 ($2.80) price objective on shares of Centrica PLC in a research note on Friday, August 12th. Goldman Sachs Group Inc. lowered shares of Centrica PLC to a “sell” rating and upped their price objective for the stock from GBX 211 ($2.57) to GBX 213 ($2.60) in a research note on Wednesday, September 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 250 ($3.05) price objective on shares of Centrica PLC in a research note on Friday, July 29th. Finally, Royal Bank Of Canada lowered their price objective on shares of Centrica PLC from GBX 280 ($3.41) to GBX 250 ($3.05) and set an “outperform” rating for the company in a research note on Thursday, June 30th.
In other Centrica PLC news, insider Ian Meakins bought 891 shares of the firm’s stock in a transaction dated Monday, September 26th. The shares were purchased at an average price of GBX 226 ($2.75) per share, for a total transaction of £2,013.66 ($2,454.19). Also, insider Valle,Margherita D. bought 842 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were acquired at an average price of GBX 236 ($2.88) per share, for a total transaction of £1,987.12 ($2,421.84).
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Centrica PLC (LON:CNA) traded up 2.52% during mid-day trading on Tuesday, reaching GBX 215.40. 17,737,190 shares of the company’s stock were exchanged. The company’s 50-day moving average is GBX 226.50 and its 200 day moving average is GBX 224.11. Centrica PLC has a one year low of GBX 182.50 and a one year high of GBX 248.39. The firm’s market capitalization is GBX 11.13 billion.
The firm also recently announced a dividend, which will be paid on Thursday, November 24th. Stockholders of record on Thursday, October 13th will be given a dividend of GBX 3.60 ($0.04) per share. The ex-dividend date is Thursday, October 13th. This represents a dividend yield of 1.49%.
About Centrica PLC
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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