Centrica (LON:CNA) had its price objective lowered by Goldman Sachs Group from GBX 126 ($1.65) to GBX 122 ($1.59) in a research report released on Monday, ThisIsMoney.Co.Uk reports. The brokerage currently has a neutral rating on the integrated energy company’s stock.
Other analysts have also issued research reports about the company. Kepler Capital Markets reaffirmed a buy rating on shares of Centrica in a report on Wednesday, January 16th. HSBC lowered their target price on Centrica from GBX 140 ($1.83) to GBX 120 ($1.57) and set a hold rating on the stock in a report on Friday, March 8th. Jefferies Financial Group lowered their target price on Centrica from GBX 125 ($1.63) to GBX 110 ($1.44) and set a hold rating on the stock in a report on Friday, March 1st. Berenberg Bank lowered Centrica to a hold rating and lowered their target price for the company from GBX 155 ($2.03) to GBX 140 ($1.83) in a report on Monday, February 18th. Finally, Credit Suisse Group lowered Centrica to a neutral rating and lowered their target price for the company from GBX 180 ($2.35) to GBX 155 ($2.03) in a report on Wednesday, January 23rd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 124.55 ($1.63).
Shares of LON CNA opened at GBX 108.03 ($1.41) on Monday. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 120.42. The stock has a market cap of $6.21 billion and a PE ratio of 33.76. Centrica has a 52 week low of GBX 109.15 ($1.43) and a 52 week high of GBX 164.50 ($2.15).
Centrica (LON:CNA) last released its earnings results on Thursday, February 21st. The integrated energy company reported GBX 11.20 ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of GBX 11.60 ($0.15) by GBX (0.40) (($0.01)). Research analysts expect that Centrica will post 1258.99996381304 earnings per share for the current year.
The firm also recently announced a dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 9th will be issued a GBX 8.40 ($0.11) dividend. The ex-dividend date is Thursday, May 9th. This represents a 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 other news, insider Charles Berry acquired 40,000 shares of the firm’s stock in a transaction dated Friday, March 29th. The shares were bought at an average price of GBX 115 ($1.50) per share, with a total value of £46,000 ($60,107.15). Also, insider Iain C. Conn sold 126,962 shares of Centrica stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of GBX 114 ($1.49), for a total value of £144,736.68 ($189,124.11). Insiders acquired a total of 140,231 shares of company stock worth $16,929,964 in the last ninety days.
Centrica Company Profile
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, Exploration & Production, and Centrica Storage segments.
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