Centrica PLC (CNA) Upgraded by Jefferies Group LLC to Hold

Jefferies Group LLC upgraded shares of Centrica PLC (LON:CNA) to a hold rating in a research report released on Thursday, August 31st. They currently have GBX 190 ($2.45) target price on the integrated energy company’s stock.

A number of other research analysts have also weighed in on CNA. Deutsche Bank AG reaffirmed a sell rating and set a GBX 160 ($2.07) price objective on shares of Centrica PLC in a research report on Friday, August 18th. Morgan Stanley reduced their target price on Centrica PLC from GBX 215 ($2.78) to GBX 200 ($2.58) and set an equal weight rating for the company in a report on Wednesday, June 7th. Barclays PLC lifted their target price on Centrica PLC from GBX 195 ($2.52) to GBX 215 ($2.78) and gave the stock an equal weight rating in a report on Monday, June 12th. Investec reissued a sell rating and issued a GBX 180 ($2.32) target price on shares of Centrica PLC in a report on Thursday, August 3rd. Finally, Kepler Capital Markets reissued a reduce rating and issued a GBX 190 ($2.45) target price on shares of Centrica PLC in a report on Monday, May 15th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 209.35 ($2.70).

Shares of Centrica PLC (LON:CNA) traded down 1.26% during mid-day trading on Thursday, hitting GBX 188.00. The stock had a trading volume of 28,940,356 shares. Centrica PLC has a 1-year low of GBX 119.71 and a 1-year high of GBX 236.90. The firm’s market capitalization is GBX 10.31 billion. The stock’s 50-day moving average is GBX 198.15 and its 200-day moving average is GBX 205.47.

COPYRIGHT VIOLATION NOTICE: This piece was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/09/17/jefferies-group-llc-upgrades-centrica-plc-cna-to-hold.html.

The business also recently disclosed a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, October 12th will be paid a dividend of GBX 3.60 ($0.05) per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a yield of 1.83%.

In other Centrica PLC news, insider Margherita D. Valle bought 946 shares of the company’s stock in a transaction on Monday, June 26th. The stock was acquired at an average price of GBX 209 ($2.70) per share, for a total transaction of £1,977.14 ($2,553.45). Also, insider Stephen Pusey purchased 1,142 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of GBX 205 ($2.65) per share, with a total value of £2,341.10 ($3,023.51). Insiders have acquired 3,287 shares of company stock worth $675,144 over the last three months.

About Centrica PLC

Centrica plc is an energy and services company. The Company’s segments include Energy Supply & Services-UK & Ireland, Energy Supply & Services-North America, Connected Home, Distributed Energy & Power, Energy Marketing & Trading, Exploration & Production, Central Power Generation and Centrica Storage.

Analyst Recommendations for Centrica PLC (LON:CNA)

Receive News & Ratings for Centrica PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrica PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply