Deutsche Bank AG Reaffirms Sell Rating for Centrica PLC (CNA)
Deutsche Bank AG reaffirmed their sell rating on shares of Centrica PLC (LON:CNA) in a report issued on Thursday. The brokerage currently has a GBX 160 ($2.12) target price on the integrated energy company’s stock.
Other analysts have also issued reports about the stock. Barclays PLC increased their price target on shares of Centrica PLC from GBX 195 ($2.59) to GBX 215 ($2.85) and gave the stock an equal weight rating in a research report on Monday, June 12th. Morgan Stanley reduced their price target on shares of Centrica PLC from GBX 215 ($2.85) to GBX 200 ($2.65) and set an equal weight rating for the company in a research report on Wednesday, June 7th. Jefferies Group LLC raised shares of Centrica PLC to a hold rating and set a GBX 190 ($2.52) price target for the company in a research report on Thursday, August 31st. HSBC Holdings plc reaffirmed a hold rating and set a GBX 202 ($2.68) price objective on shares of Centrica PLC in a research report on Monday, August 7th. Finally, BNP Paribas reaffirmed a neutral rating and set a GBX 210 ($2.79) price objective on shares of Centrica PLC in a research report on Friday, July 21st. Five equities 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 stock. The company has an average rating of Hold and a consensus target price of GBX 208.35 ($2.76).
Centrica PLC (LON:CNA) opened at 174.50 on Thursday. The company’s 50-day moving average is GBX 192.60 and its 200 day moving average is GBX 201.67. Centrica PLC has a 12 month low of GBX 119.71 and a 12 month high of GBX 236.90. The firm’s market cap is GBX 9.57 billion.
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The firm also recently declared a dividend, which will be paid on Thursday, November 30th. Shareholders 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 related news, insider Stephen Pusey acquired 1,142 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of GBX 205 ($2.72) per share, with a total value of £2,341.10 ($3,105.32). Also, insider Margherita D. Valle acquired 1,043 shares of the business’s stock in a transaction on Monday, September 25th. The shares were bought at an average cost of GBX 190 ($2.52) per share, with a total value of £1,981.70 ($2,628.60). Insiders have acquired 3,389 shares of company stock worth $675,598 in the last quarter.
About Centrica PLC
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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