Shares of Centrica PLC (LON:CNA) have earned an average rating of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 120 ($1.57).
A number of research firms recently commented on CNA. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 125 ($1.63) price objective on shares of Centrica in a research note on Thursday, February 21st. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Centrica in a research note on Friday, February 22nd. Goldman Sachs Group lowered shares of Centrica to a “neutral” rating and decreased their price objective for the stock from GBX 158 ($2.06) to GBX 132 ($1.72) in a research note on Friday, February 22nd. Royal Bank of Canada decreased their price objective on shares of Centrica from GBX 130 ($1.70) to GBX 115 ($1.50) and set an “underperform” rating for the company in a research note on Wednesday, February 27th. Finally, Credit Suisse Group lowered shares of Centrica to a “neutral” rating and decreased their price objective for the stock from GBX 180 ($2.35) to GBX 155 ($2.03) in a research note on Wednesday, January 23rd.
Shares of LON:CNA opened at GBX 93.44 ($1.22) on Friday. The company has a market cap of $5.34 billion and a P/E ratio of 29.20. Centrica has a 1-year low of GBX 92.54 ($1.21) and a 1-year high of GBX 164.50 ($2.15). The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 120.42.
The business also recently announced a dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 9th will be paid a dividend of GBX 8.40 ($0.11) per share. The ex-dividend date is Thursday, May 9th. This represents a dividend yield of 6.12%. This is a positive change from Centrica’s previous dividend of $3.60. Centrica’s dividend payout ratio (DPR) is 3.75%.
In related news, insider Iain C. Conn bought 100,000 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was bought at an average price of GBX 123 ($1.61) per share, with a total value of £123,000 ($160,721.29). Also, insider Iain C. Conn sold 126,962 shares of Centrica stock in a transaction on Monday, April 1st. The shares were sold at an average price of GBX 114 ($1.49), for a total transaction of £144,736.68 ($189,124.11). Insiders have acquired a total of 140,262 shares of company stock valued at $16,929,950 in the last three months.
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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