Centrica PLC (CNA) Earns “Neutral” Rating from BNP Paribas

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Centrica PLC (LON:CNA)‘s stock had its “neutral” rating reissued by equities research analysts at BNP Paribas in a note issued to investors on Tuesday. They currently have a GBX 240 ($3.20) price target on the integrated energy company’s stock. BNP Paribas’ target price indicates a potential upside of 6.52% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. Berenberg Bank reiterated a “buy” rating on shares of Centrica PLC in a research note on Tuesday, June 14th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 190 ($2.53) price objective on shares of Centrica PLC in a research report on Tuesday, July 26th. JPMorgan Chase & Co. raised shares of Centrica PLC to an “overweight” rating and lifted their price objective for the company from GBX 220 ($2.93) to GBX 250 ($3.33) in a research report on Friday, July 22nd. Macquarie reissued an “outperform” rating and issued a GBX 280 ($3.73) price objective on shares of Centrica PLC in a research report on Monday, June 13th. Finally, Credit Suisse Group AG lifted their price objective on shares of Centrica PLC from GBX 260 ($3.46) to GBX 270 ($3.60) and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 233.84 ($3.11).
Centrica PLC (LON:CNA) traded down 1.05% on Tuesday, reaching GBX 225.30. 23,398,757 shares of the company traded hands. Centrica PLC has a 52-week low of GBX 182.50 and a 52-week high of GBX 248.39. The firm’s market cap is GBX 11.64 billion. The stock has a 50-day moving average price of GBX 234.18 and a 200-day moving average price of GBX 224.33.

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The company also recently announced a dividend, which will be paid on Thursday, November 24th. Investors of record on Thursday, October 13th will be paid a GBX 3.60 ($0.05) dividend. This represents a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, October 13th.
In other news, insider Pusey,Stephen bought 972 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were bought at an average cost of GBX 240 ($3.20) per share, with a total value of £2,332.80 ($3,107.09). Also, insider Meakins,Ian bought 967 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The stock was purchased at an average cost of GBX 209 ($2.78) per share, for a total transaction of £2,021.03 ($2,691.84).
Centrica PLC Company Profile
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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