Shares of Centrica (LON:CNA) have earned an average recommendation of “Hold” from the eighteen analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 178.69 ($2.53).
CNA has been the subject of several research reports. Deutsche Bank reiterated a “sell” rating and issued a GBX 125 ($1.77) target price on shares of Centrica in a research report on Friday, January 12th. Credit Suisse Group upgraded shares of Centrica to an “outperform” rating and set a GBX 170 ($2.40) target price for the company in a research report on Friday, January 5th. Royal Bank of Canada upgraded shares of Centrica to an “outperform” rating and upped their target price for the stock from GBX 150 ($2.12) to GBX 175 ($2.47) in a research report on Monday, February 26th. JPMorgan Chase reiterated a “neutral” rating and issued a GBX 150 ($2.12) target price on shares of Centrica in a research report on Tuesday, February 20th. Finally, Kepler Capital Markets cut their target price on shares of Centrica from GBX 190 ($2.69) to GBX 160 ($2.26) and set a “buy” rating for the company in a research report on Wednesday, February 28th.
Shares of CNA traded up GBX 1.15 ($0.02) during mid-day trading on Thursday, reaching GBX 140.70 ($1.99). 21,080,719 shares of the stock traded hands, compared to its average volume of 26,600,000. Centrica has a 1 year low of GBX 119.71 ($1.69) and a 1 year high of GBX 221 ($3.12).
Centrica (LON:CNA) last released its quarterly earnings results on Thursday, February 22nd. The integrated energy company reported GBX 12.60 ($0.18) EPS for the quarter, meeting analysts’ consensus estimates of GBX 12.60 ($0.18). The firm had revenue of GBX 2,802.30 billion during the quarter. Centrica had a net margin of 2.16% and a return on equity of 21.95%.
The firm also recently declared a dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, May 10th will be paid a GBX 8.40 ($0.12) dividend. The ex-dividend date is Thursday, May 10th. This is an increase from Centrica’s previous dividend of $3.60. This represents a yield of 5.83%.
In other news, insider Jeff Bell acquired 40,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average cost of GBX 141 ($1.99) per share, with a total value of £56,400 ($79,717.31). Also, insider Stephen Pusey acquired 1,678 shares of the stock in a transaction dated Monday, January 22nd. The shares were purchased at an average cost of GBX 139 ($1.96) per share, with a total value of £2,332.42 ($3,296.71). Insiders acquired 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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