Centrica (LON:CNA) had its target price lowered by Kepler Capital Markets from GBX 190 ($2.63) to GBX 160 ($2.21) in a report issued on Wednesday, February 28th. Kepler Capital Markets currently has a buy rating on the integrated energy company’s stock.
CNA has been the subject of a number of other research reports. Deutsche Bank restated a sell rating and set a GBX 125 ($1.73) price target on shares of Centrica in a research note on Wednesday, January 31st. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 150 ($2.07) target price on shares of Centrica in a research note on Thursday, December 7th. Credit Suisse Group reiterated a neutral rating and issued a GBX 175 ($2.42) target price on shares of Centrica in a research note on Wednesday, January 3rd. Royal Bank of Canada reduced their price target on shares of Centrica from GBX 210 ($2.90) to GBX 150 ($2.07) and set a sector performer rating for the company in a research report on Tuesday, November 28th. Finally, Citigroup restated a neutral rating and set a GBX 145 ($2.00) price target on shares of Centrica in a research report on Friday, December 1st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 180.25 ($2.49).
Centrica (LON:CNA) traded down GBX 0.55 ($0.01) during midday trading on Wednesday, hitting GBX 138.65 ($1.92). 14,451,892 shares of the stock were exchanged, compared to its average volume of 28,320,000. Centrica has a one year low of GBX 119.71 ($1.65) and a one year high of GBX 221.20 ($3.06). The firm has a market cap of $7,770.00 and a PE ratio of 2,310.83.
The company also recently announced a dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, May 10th will be issued a GBX 8.40 ($0.12) dividend. This is a boost from Centrica’s previous dividend of $3.60. The ex-dividend date is Thursday, May 10th. This represents a dividend yield of 5.83%.
In other news, insider Jeff Bell acquired 40,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of GBX 141 ($1.95) per share, with a total value of £56,400 ($77,922.08). Also, insider Margherita D. Valle purchased 1,439 shares of the stock in a transaction dated Thursday, December 21st. The stock was bought at an average cost of GBX 138 ($1.91) per share, with a total value of £1,985.82 ($2,743.60). Insiders bought 44,704 shares of company stock worth $6,300,279 in the last 90 days.
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Centrica Company Profile
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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