Centrica PLC (CNA) Rating Lowered to Sector Performer at Royal Bank Of Canada
Royal Bank Of Canada downgraded shares of Centrica PLC (LON:CNA) to a sector performer rating in a research note released on Monday. They currently have GBX 240 ($3.13) price target on the integrated energy company’s stock, down from their previous price target of GBX 250 ($3.26).
A number of other equities analysts have also weighed in on the stock. Jefferies Group lowered shares of Centrica PLC to an underperform rating and decreased their price target for the company from GBX 235 ($3.07) to GBX 190 ($2.48) in a report on Thursday, September 22nd. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 250 ($3.26) price target on shares of Centrica PLC in a report on Wednesday, September 14th. BNP Paribas reiterated a neutral rating and issued a GBX 240 ($3.13) price target on shares of Centrica PLC in a report on Tuesday, September 13th. Credit Suisse Group AG reiterated an outperform rating and issued a GBX 270 ($3.52) price target on shares of Centrica PLC in a report on Thursday, September 8th. Finally, Goldman Sachs Group Inc. lowered shares of Centrica PLC to a sell rating and lifted their target price for the company from GBX 211 ($2.75) to GBX 213 ($2.78) in a report on Wednesday, September 7th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 230.95 ($3.01).
Shares of Centrica PLC (LON:CNA) opened at 218.70 on Monday. Centrica PLC has a 12 month low of GBX 182.50 and a 12 month high of GBX 248.39. The firm’s market cap is GBX 11.30 billion. The firm’s 50-day moving average price is GBX 230.85 and its 200-day moving average price is GBX 224.70.
The business also recently announced a dividend, which will be paid on Thursday, November 24th. Stockholders of record on Thursday, October 13th will be given a GBX 3.60 ($0.05) dividend. This represents a dividend yield of 1.49%. The ex-dividend date is Thursday, October 13th.
In related news, insider Ian Meakins bought 891 shares of the company’s stock in a transaction dated Monday, September 26th. The stock was bought at an average price of GBX 226 ($2.95) per share, with a total value of £2,013.66 ($2,628.46). Also, insider Valle,Margherita D. bought 842 shares of the company’s stock in a transaction dated Thursday, August 25th. The stock was bought at an average cost of GBX 236 ($3.08) per share, with a total value of £1,987.12 ($2,593.81).
About Centrica PLC
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.
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