Centrica PLC (CNA) Downgraded to Reduce at HSBC Holdings plc
HSBC Holdings plc cut shares of Centrica PLC (LON:CNA) to a reduce rating in a research report released on Friday morning. They currently have GBX 200 ($2.47) target price on the integrated energy company’s stock, down from their prior target price of GBX 225 ($2.78).
Several other equities analysts have also recently commented on CNA. Macquarie reissued an outperform rating and issued a GBX 280 ($3.46) price target on shares of Centrica PLC in a research report on Monday, January 30th. JPMorgan Chase & Co. raised their price target on shares of Centrica PLC from GBX 260 ($3.21) to GBX 265 ($3.27) and gave the company an overweight rating in a research report on Wednesday, March 8th. Morgan Stanley decreased their price target on shares of Centrica PLC from GBX 235 ($2.90) to GBX 215 ($2.66) and set an equal weight rating for the company in a research report on Tuesday, March 14th. Jefferies Group LLC reissued an underperform rating and issued a GBX 190 ($2.35) price target on shares of Centrica PLC in a research report on Friday, March 3rd. Finally, Goldman Sachs Group Inc decreased their price target on shares of Centrica PLC from GBX 218 ($2.69) to GBX 214 ($2.64) and set a sell rating for the company in a research report on Wednesday, March 15th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Centrica PLC has an average rating of Hold and an average price target of GBX 226.33 ($2.80).
Shares of Centrica PLC (LON:CNA) traded down 1.06% during midday trading on Friday, hitting GBX 214.20. 23,572,601 shares of the stock were exchanged. Centrica PLC has a 12 month low of GBX 195.18 and a 12 month high of GBX 248.39. The company’s market cap is GBX 11.71 billion. The stock has a 50 day moving average price of GBX 227.08 and a 200-day moving average price of GBX 222.63.
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The business also recently declared a dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, May 11th will be paid a dividend of GBX 8.40 ($0.10) per share. This is a positive change from Centrica PLC’s previous dividend of $3.60. This represents a yield of 3.72%. The ex-dividend date of this dividend is Thursday, May 11th.
In related news, insider Stephen Pusey purchased 1,009 shares of the business’s stock in a transaction that occurred on Wednesday, December 28th. The shares were purchased at an average cost of GBX 232 ($2.87) per share, for a total transaction of £2,340.88 ($2,891.05). Also, insider Margherita D. Valle purchased 884 shares of the business’s stock in a transaction that occurred on Wednesday, January 25th. The shares were bought at an average price of GBX 225 ($2.78) per share, for a total transaction of £1,989 ($2,456.47). Insiders have purchased a total of 2,962 shares of company stock worth $676,023 over the last quarter.
Centrica PLC Company Profile
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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