Centrica PLC (CNA) Downgraded by Royal Bank Of Canada to “Sector Performer”
Royal Bank Of Canada downgraded shares of Centrica PLC (LON:CNA) to a sector performer rating in a research note published on Monday morning. They currently have GBX 240 ($3.13) price objective on the integrated energy company’s stock, down from their previous price objective of GBX 250 ($3.26).
A number of other analysts have also recently weighed in on CNA. Credit Suisse Group AG reaffirmed an outperform rating and issued a GBX 260 ($3.39) price objective on shares of Centrica PLC in a report on Monday, June 13th. Macquarie reiterated an outperform rating and issued a GBX 280 ($3.65) target price on shares of Centrica PLC in a research report on Monday, June 13th. Berenberg Bank reiterated a buy rating on shares of Centrica PLC in a research report on Tuesday, June 14th. Jefferies Group decreased their target price on shares of Centrica PLC from GBX 250 ($3.26) to GBX 235 ($3.07) and set a buy rating for the company in a research report on Tuesday, June 21st. Finally, BNP Paribas reiterated a neutral rating and issued a GBX 240 ($3.13) target price on shares of Centrica PLC in a research report on Monday, June 27th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Centrica PLC currently has an average rating of Hold and an average target price of GBX 230.95 ($3.01).
Centrica PLC (LON:CNA) traded up 0.13% during trading on Monday, hitting GBX 230.90. 7,304,206 shares of the stock were exchanged. The firm’s market cap is GBX 11.93 billion. Centrica PLC has a 12-month low of GBX 182.50 and a 12-month high of GBX 248.39. The stock’s 50-day moving average price is GBX 231.70 and its 200-day moving average price is GBX 224.80.
The firm also recently declared a dividend, which will be paid on Thursday, November 24th. Investors of record on Thursday, October 13th will be issued a GBX 3.60 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a dividend yield of 1.49%.
In other news, insider Ian Meakins acquired 891 shares of the company’s stock in a transaction on Monday, September 26th. The stock was purchased at an average cost of GBX 226 ($2.95) per share, with a total value of £2,013.66 ($2,628.46). Also, insider Valle,Margherita D. acquired 842 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were purchased at an average cost of GBX 236 ($3.08) per share, with a total value of £1,987.12 ($2,593.81).
About Centrica PLC
Centrica plc is an integrated energy company. The Company operates through three segments: International Downstream, International Upstream and Centrica Storage. It offers Hive Active Heating 2, which is an advancement of its smart thermostat. The International Downstream segment includes the operations of British Gas, Direct Energy and Bord Gais Energy.
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