Centrica (LON:CNA) Earns “Neutral” Rating from UBS Group

UBS Group reiterated their neutral rating on shares of Centrica (LON:CNA) in a report issued on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other analysts have also recently weighed in on CNA. Goldman Sachs Group cut their price target on Centrica from GBX 126 ($1.65) to GBX 122 ($1.59) and set a neutral rating on the stock in a research note on Monday, April 15th. Barclays restated an underweight rating on shares of Centrica in a research note on Wednesday, June 19th. Jefferies Financial Group restated a hold rating on shares of Centrica in a research note on Tuesday, April 9th. HSBC upgraded Centrica to a hold rating in a research note on Tuesday, July 30th. Finally, Credit Suisse Group cut their price target on Centrica from GBX 145 ($1.89) to GBX 105 ($1.37) and set a neutral rating on the stock in a research note on Friday, June 21st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. Centrica currently has a consensus rating of Hold and an average target price of GBX 113.46 ($1.48).

Centrica stock opened at GBX 73.38 ($0.96) on Wednesday. Centrica has a 1-year low of GBX 72.50 ($0.95) and a 1-year high of GBX 156.65 ($2.05). The company has a debt-to-equity ratio of 181.72, a quick ratio of 0.72 and a current ratio of 0.90. The firm has a market capitalization of $4.27 billion and a PE ratio of -6.92. The company has a fifty day simple moving average of GBX 87.55.

The company also recently announced a dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, October 10th will be given a dividend of GBX 1.50 ($0.02) per share. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 10th. Centrica’s dividend payout ratio (DPR) is currently -0.94%.

In other news, insider Kevin O’Byrne bought 40,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average price of GBX 94 ($1.23) per share, for a total transaction of £37,600 ($49,131.06). Insiders have bought 40,527 shares of company stock worth $3,804,972 in the last quarter.

About Centrica

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.

Further Reading: How do buyers and sellers choose a strike price?

Analyst Recommendations for Centrica (LON:CNA)

Receive News & Ratings for Centrica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrica and related companies with MarketBeat.com's FREE daily email newsletter.