Centrica PLC (CNA) Given “Sell” Rating at Deutsche Bank AG
A number of other research analysts also recently weighed in on CNA. J P Morgan Chase & Co downgraded shares of Centrica PLC to an underweight rating and decreased their price objective for the stock from GBX 265 ($3.42) to GBX 180 ($2.32) in a research report on Thursday, May 11th. Kepler Capital Markets reiterated a reduce rating and issued a GBX 190 ($2.45) price objective on shares of Centrica PLC in a research report on Monday, May 15th. Goldman Sachs Group, Inc. (The) decreased their price objective on shares of Centrica PLC from GBX 194 ($2.51) to GBX 174 ($2.25) and set a sell rating for the company in a research report on Wednesday, May 17th. Macquarie reiterated a neutral rating and issued a GBX 220 ($2.84) price objective on shares of Centrica PLC in a research report on Friday, May 19th. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 240 ($3.10) price objective on shares of Centrica PLC in a research report on Monday, June 5th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. Centrica PLC presently has a consensus rating of Hold and a consensus price target of GBX 209.35 ($2.70).
Shares of Centrica PLC (CNA) opened at 194.30 on Thursday. The firm has a 50-day moving average price of GBX 199.79 and a 200-day moving average price of GBX 206.82. Centrica PLC has a 52 week low of GBX 119.71 and a 52 week high of GBX 239.12. The stock’s market cap is GBX 10.66 billion.
Centrica PLC (LON:CNA) last issued its quarterly earnings data on Monday, July 31st. The integrated energy company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by $0.01. Centrica PLC had a return on equity of 3.36% and a net margin of 0.05%. On average, equities analysts anticipate that Centrica PLC will post $15.88 earnings per share for the current year.
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The firm also recently disclosed a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 12th will be paid a dividend of GBX 3.60 ($0.05) per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a yield of 1.83%.
In other news, insider Stephen Pusey purchased 1,142 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was acquired at an average price of GBX 205 ($2.65) per share, with a total value of £2,341.10 ($3,023.51). Also, insider Margherita D. Valle purchased 946 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was purchased at an average cost of GBX 209 ($2.70) per share, with a total value of £1,977.14 ($2,553.45). In the last ninety days, insiders have purchased 3,287 shares of company stock valued at $675,144.
Centrica PLC Company Profile
Centrica plc is an energy and services company. The Company’s segments include 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.
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