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.
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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.
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