Centrica (LON:CNA) had its price objective boosted by Credit Suisse Group from GBX 170 ($2.43) to GBX 175 ($2.51) in a research note issued to investors on Friday, March 23rd. Credit Suisse Group currently has an outperform rating on the integrated energy company’s stock.
A number of other equities analysts also recently commented on the company. Kepler Capital Markets reduced their price objective on Centrica from GBX 190 ($2.72) to GBX 160 ($2.29) and set a buy rating on the stock in a research report on Wednesday, February 28th. JPMorgan Chase reiterated a neutral rating on shares of Centrica in a research report on Monday, February 26th. Royal Bank of Canada upgraded Centrica to an outperform rating and lifted their target price for the company from GBX 150 ($2.15) to GBX 175 ($2.51) in a research report on Monday, February 26th. Deutsche Bank restated a sell rating and issued a GBX 125 ($1.79) target price on shares of Centrica in a research report on Wednesday, January 31st. Finally, Jefferies Group reduced their target price on Centrica from GBX 190 ($2.72) to GBX 155 ($2.22) and set a hold rating on the stock in a research report on Friday, December 8th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 177 ($2.53).
Shares of LON CNA traded up GBX 2.30 ($0.03) during midday trading on Friday, hitting GBX 142.80 ($2.04). The stock had a trading volume of 18,682,864 shares, compared to its average volume of 26,600,000. Centrica has a 1 year low of GBX 119.71 ($1.71) and a 1 year high of GBX 221 ($3.16).
Centrica (LON:CNA) last released its earnings results on Thursday, February 22nd. The integrated energy company reported GBX 12.60 ($0.18) earnings per share for the quarter, meeting the consensus estimate of GBX 12.60 ($0.18). Centrica had a return on equity of 21.95% and a net margin of 2.16%. The business had revenue of GBX 2,802.30 billion for the quarter.
The business also recently announced a dividend, which will be paid on Thursday, June 28th. Investors of record on Thursday, May 10th will be paid a dividend of GBX 8.40 ($0.12) per share. This represents a yield of 5.83%. This is a boost from Centrica’s previous dividend of $3.60. The ex-dividend date is Thursday, May 10th.
In other Centrica news, insider Stephen Pusey acquired 1,720 shares of the stock in a transaction dated Monday, March 26th. The stock was acquired at an average cost of GBX 136 ($1.95) per share, with a total value of £2,339.20 ($3,349.37). Also, insider Margherita D. Valle acquired 1,368 shares of the stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of GBX 145 ($2.08) per share, with a total value of £1,983.60 ($2,840.21). Insiders have purchased a total of 44,985 shares of company stock valued at $6,335,510 over the last three months.
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Centrica Company Profile
Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, North America, Norway, and internationally. The company operates through 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 segments.
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