Brokerages Set Centrica PLC (CNA) Target Price at $208.35
Shares of Centrica PLC (LON:CNA) have received an average rating of “Hold” from the eighteen brokerages that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 208.35 ($2.77).
A number of research firms have recently weighed in on CNA. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 160 ($2.13) price target on shares of Centrica PLC in a research note on Monday, July 3rd. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 205 ($2.72) price target on shares of Centrica PLC in a research note on Monday, July 10th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 210 ($2.79) price target on shares of Centrica PLC in a research note on Friday, July 21st. Investec reaffirmed a “sell” rating and issued a GBX 180 ($2.39) price target on shares of Centrica PLC in a research note on Thursday, August 3rd. Finally, HSBC Holdings plc reaffirmed a “hold” rating and issued a GBX 202 ($2.68) price target on shares of Centrica PLC in a research note on Monday, August 7th.
In related news, insider Stephen Pusey bought 1,142 shares of Centrica PLC stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of GBX 205 ($2.72) per share, for a total transaction of £2,341.10 ($3,110.68). Also, insider Iain C. Conn bought 100,000 shares of Centrica PLC stock in a transaction that occurred on Monday, October 9th. The stock was bought at an average price of GBX 173 ($2.30) per share, with a total value of £173,000 ($229,869.78). Insiders have acquired 103,389 shares of company stock valued at $17,975,598 over the last 90 days.
Shares of Centrica PLC (LON:CNA) traded up 0.64% during midday trading on Thursday, hitting GBX 173.10. The stock had a trading volume of 23,737,332 shares. The firm’s market cap is GBX 9.49 billion. Centrica PLC has a 12-month low of GBX 119.71 and a 12-month high of GBX 236.90. The company’s 50-day moving average price is GBX 185.85 and its 200-day moving average price is GBX 198.71.
The company also recently declared a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, October 12th will be issued a dividend of GBX 3.60 ($0.05) per share. This represents a yield of 1.83%. The ex-dividend date of this dividend is Thursday, October 12th.
ILLEGAL ACTIVITY NOTICE: “Brokerages Set Centrica PLC (CNA) Target Price at $208.35” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/10/22/brokerages-set-centrica-plc-cna-target-price-at-208-35.html.
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.
Receive News & Stock Ratings for Centrica PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrica PLC and related stocks with our FREE daily email newsletter.