Credit Suisse Group reiterated their outperform rating on shares of Centrica (LON:CNA) in a research report report published on Tuesday morning. Credit Suisse Group currently has a GBX 175 ($2.47) price objective on the integrated energy company’s stock.
Several other analysts also recently commented on the company. Deutsche Bank reiterated a sell rating and set a GBX 125 ($1.77) target price on shares of Centrica in a research note on Friday, January 12th. Kepler Capital Markets reissued a buy rating and set a GBX 190 ($2.69) price target on shares of Centrica in a report on Friday, December 15th. Royal Bank of Canada raised Centrica to an outperform rating and increased their price target for the company from GBX 150 ($2.12) to GBX 175 ($2.47) in a report on Monday, February 26th. JPMorgan Chase reissued a neutral rating and set a GBX 150 ($2.12) price target on shares of Centrica in a report on Tuesday, February 20th. Finally, HSBC cut Centrica to a reduce rating and lowered their price target for the company from GBX 150 ($2.12) to GBX 120 ($1.70) in a report on Wednesday. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 177 ($2.50).
CNA traded down GBX 3.65 ($0.05) during trading on Tuesday, hitting GBX 138.90 ($1.96). 26,414,133 shares of the company’s stock traded hands, compared to its average volume of 26,600,000. Centrica has a 12-month low of GBX 119.71 ($1.69) and a 12-month high of GBX 221 ($3.12).
Centrica (LON:CNA) last issued its earnings results on Thursday, February 22nd. The integrated energy company reported GBX 12.60 ($0.18) EPS 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 issued a GBX 8.40 ($0.12) dividend. This is a boost from Centrica’s previous dividend of $3.60. This represents a yield of 5.83%. The ex-dividend date is Thursday, May 10th.
In related news, insider Stephen Pusey bought 1,720 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The shares were bought at an average cost of GBX 136 ($1.92) per share, with a total value of £2,339.20 ($3,306.29). Also, insider Margherita D. Valle bought 1,368 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average cost of GBX 145 ($2.05) per share, for a total transaction of £1,983.60 ($2,803.67). Over the last ninety days, insiders purchased 44,985 shares of company stock worth $6,335,510.
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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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