Centrica (LON:CNA) had its price target reduced by Berenberg Bank from GBX 140 ($1.83) to GBX 80 ($1.05) in a research report sent to investors on Monday, Digital Look reports. Berenberg Bank currently has a hold rating on the integrated energy company’s stock.
Several other analysts also recently issued reports on CNA. Societe Generale began coverage on Centrica in a research note on Friday, June 7th. They set a hold rating and a GBX 95 ($1.24) target price on the stock. Barclays reissued an underweight rating on shares of Centrica in a research note on Wednesday, June 19th. UBS Group reissued a neutral rating and set a GBX 68 ($0.89) target price (down previously from GBX 110 ($1.44)) on shares of Centrica in a research note on Tuesday, August 13th. Sanford C. Bernstein decreased their target price on Centrica from GBX 105 ($1.37) to GBX 85 ($1.11) and set a market perform rating on the stock in a research note on Tuesday, August 6th. Finally, HSBC raised Centrica to a hold rating in a research note on Tuesday, July 30th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of GBX 99 ($1.29).
Shares of CNA opened at GBX 74.78 ($0.98) on Monday. The business’s 50 day moving average is GBX 72.84 and its 200 day moving average is GBX 96.24. The company has a market capitalization of $4.35 billion and a PE ratio of -6.99. Centrica has a 12-month low of GBX 63.99 ($0.84) and a 12-month high of GBX 156.65 ($2.05). The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 181.72.
The company also recently disclosed a dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, October 10th will be paid a GBX 1.50 ($0.02) dividend. This represents a yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 10th. Centrica’s payout ratio is -0.93%.
In other news, insider Chris OShea acquired 46,750 shares of Centrica stock in a transaction on Monday, August 19th. The shares were acquired at an average price of GBX 66 ($0.86) per share, with a total value of £30,855 ($40,317.52). In the last ninety days, insiders acquired 47,329 shares of company stock worth $3,130,484.
Centrica Company Profile
Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, Germany, Norway, rest of Europe, the United States, Canada, and internationally. The company operates through Centrica Consumer, Centrica Business, and Exploration & Production segments. It supplies gas and electricity to residential customers, as well as offers energy-related services; and generates power from combined cycle gas turbines and nuclear assets.
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