Centrica PLC (CNA) Given “Neutral” Rating at BNP Paribas
Centrica PLC (LON:CNA)‘s stock had its “neutral” rating reaffirmed by equities research analysts at BNP Paribas in a research note issued on Monday. They currently have a GBX 250 ($3.09) price objective on the integrated energy company’s stock. BNP Paribas’ price objective indicates a potential upside of 16.71% from the company’s previous close.
CNA has been the subject of a number of other reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a GBX 225 ($2.78) price target on shares of Centrica PLC in a report on Friday, December 2nd. Berenberg Bank reiterated a “buy” rating on shares of Centrica PLC in a research report on Tuesday, December 13th. Credit Suisse Group AG lowered Centrica PLC to a “neutral” rating and lowered their price objective for the stock from GBX 255 ($3.15) to GBX 230 ($2.84) in a research report on Tuesday, March 7th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 245 ($3.03) price objective on shares of Centrica PLC in a research report on Thursday, November 24th. Finally, Jefferies Group LLC reiterated an “underperform” rating and issued a GBX 190 ($2.35) price objective on shares of Centrica PLC in a research report on Friday. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 226.33 ($2.80).
Centrica PLC (LON:CNA) traded down 1.06% during mid-day trading on Monday, hitting GBX 214.20. 23,572,601 shares of the stock were exchanged. Centrica PLC has a 12-month low of GBX 195.18 and a 12-month high of GBX 248.39. The stock’s market capitalization is GBX 11.71 billion. The firm has a 50-day moving average price of GBX 226.73 and a 200-day moving average price of GBX 222.33.
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The firm also recently disclosed a dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, May 11th will be given a GBX 8.40 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, May 11th. This is a positive change from Centrica PLC’s previous dividend of $3.60. This represents a dividend yield of 3.72%.
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In other Centrica PLC news, insider Stephen Pusey acquired 1,009 shares of the firm’s stock in a transaction that occurred on Wednesday, December 28th. The stock was acquired at an average cost of GBX 232 ($2.87) per share, for a total transaction of £2,340.88 ($2,891.05). Also, insider Margherita D. Valle acquired 884 shares of the firm’s stock in a transaction that occurred on Wednesday, January 25th. The stock was acquired at an average price of GBX 225 ($2.78) per share, with a total value of £1,989 ($2,456.47). Insiders purchased a total of 2,962 shares of company stock valued at $676,023 over the last quarter.
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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