Credit Suisse Group Reaffirms Neutral Rating for Centrica PLC (CNA)
Credit Suisse Group reissued their neutral rating on shares of Centrica PLC (LON:CNA) in a research note published on Friday morning. They currently have a GBX 225 ($3.03) price objective on the integrated energy company’s stock.
CNA has been the topic of several other reports. Deutsche Bank AG reiterated a sell rating on shares of Centrica PLC in a research note on Friday, May 26th. Jefferies Group LLC upgraded Centrica PLC to a hold rating and set a GBX 190 ($2.56) price objective on the stock in a research note on Thursday, August 31st. Investec reiterated a sell rating and issued a GBX 180 ($2.43) price objective on shares of Centrica PLC in a research note on Thursday, August 3rd. J P Morgan Chase & Co upgraded Centrica PLC to a neutral rating and upped their price objective for the company from GBX 180 ($2.43) to GBX 205 ($2.76) in a research note on Friday, June 23rd. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 240 ($3.24) price objective on shares of Centrica PLC in a research note on Monday, June 5th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 209.06 ($2.82).
Centrica PLC (LON:CNA) opened at 189.30 on Friday. Centrica PLC has a 52-week low of GBX 119.71 and a 52-week high of GBX 236.90. The company’s 50-day moving average price is GBX 197.45 and its 200-day moving average price is GBX 204.66. The firm’s market cap is GBX 10.38 billion.
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The business also recently declared a dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, October 12th will be paid a GBX 3.60 ($0.05) dividend. This represents a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, October 12th.
In related news, insider Margherita D. Valle purchased 977 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were bought at an average price of GBX 203 ($2.74) per share, with a total value of £1,983.31 ($2,674.01). Also, insider Stephen Pusey purchased 1,142 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of GBX 205 ($2.76) per share, for a total transaction of £2,341.10 ($3,156.40). In the last three months, insiders bought 2,341 shares of company stock worth $477,430.
Centrica PLC 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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