Centrica PLC (LON:CNA)‘s stock had its “underperform” rating reaffirmed by investment analysts at Jefferies Group LLC in a research note issued to investors on Friday. They presently have a GBX 190 ($2.35) target price on the integrated energy company’s stock. Jefferies Group LLC’s target price indicates a potential downside of 11.30% from the company’s current price.
A number of other research analysts have also weighed in on the company. HSBC Holdings plc lowered Centrica PLC to a “reduce” rating and reduced their target price for the company from GBX 225 ($2.78) to GBX 200 ($2.47) in a report on Friday. Goldman Sachs Group Inc reduced their target price on Centrica PLC from GBX 218 ($2.69) to GBX 214 ($2.64) and set a “sell” rating for the company in a report on Wednesday, March 15th. Morgan Stanley reduced their target price on Centrica PLC from GBX 235 ($2.90) to GBX 215 ($2.66) and set an “equal weight” rating for the company in a report on Tuesday, March 14th. JPMorgan Chase & Co. lifted their target price on Centrica PLC from GBX 260 ($3.21) to GBX 265 ($3.27) and gave the company an “overweight” rating in a report on Wednesday, March 8th. Finally, Credit Suisse Group AG lowered Centrica PLC to a “neutral” rating and reduced their target price for the company from GBX 255 ($3.15) to GBX 230 ($2.84) in a report on Tuesday, March 7th. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 226.33 ($2.80).
Centrica PLC (LON:CNA) opened at 214.90 on Friday. The firm’s 50-day moving average price is GBX 226.73 and its 200-day moving average price is GBX 222.33. The firm’s market capitalization is GBX 11.75 billion. Centrica PLC has a 1-year low of GBX 195.18 and a 1-year high of GBX 248.39.
The company also recently announced 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. This is an increase from Centrica PLC’s previous dividend of $3.60. The ex-dividend date of this dividend is Thursday, May 11th. This represents a yield of 3.72%.
In other news, insider Stephen Pusey bought 1,009 shares of the company’s stock in a transaction that occurred on Wednesday, December 28th. The stock was bought at an average price of GBX 232 ($2.87) per share, for a total transaction of £2,340.88 ($2,891.05). Also, insider Margherita D. Valle bought 874 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The stock was purchased at an average price of GBX 227 ($2.80) per share, with a total value of £1,983.98 ($2,450.27). Insiders purchased a total of 2,962 shares of company stock valued at $676,023 in the last 90 days.
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.