Centrica PLC’s (CNA) Outperform Rating Reaffirmed at Credit Suisse Group AG
Centrica PLC (LON:CNA)‘s stock had its ” outperform” rating restated by equities researchers at Credit Suisse Group AG in a report issued on Thursday. They presently have a GBX 270 ($3.60) price objective on the integrated energy company’s stock. Credit Suisse Group AG‘s target price would suggest a potential upside of 14.80% from the company’s current price.
In other Centrica PLC news, insider Pusey,Stephen acquired 972 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was purchased at an average price of GBX 240 ($3.20) per share, for a total transaction of £2,332.80 ($3,107.09). Also, insider Valle,Margherita D. acquired 842 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The stock was acquired at an average price of GBX 236 ($3.14) per share, with a total value of £1,987.12 ($2,646.67).
Shares of Centrica PLC (LON:CNA) opened at 237.20 on Thursday. Centrica PLC has a one year low of GBX 182.50 and a one year high of GBX 248.39. The stock’s market capitalization is GBX 12.26 billion. The firm has a 50-day moving average of GBX 235.94 and a 200 day moving average of GBX 223.45.
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The business also recently declared a dividend, which will be paid on Thursday, November 24th. Stockholders 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 is Thursday, October 13th.
A number of other research firms have also weighed in on CNA. BNP Paribas reiterated a “neutral” rating and issued a GBX 240 ($3.20) price objective on shares of Centrica PLC in a research note on Wednesday, July 27th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 250 ($3.33) price objective on shares of Centrica PLC in a research note on Friday, July 29th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 190 ($2.53) price objective on shares of Centrica PLC in a research note on Monday, August 1st. Berenberg Bank reiterated a “buy” rating and issued a GBX 230 ($3.06) price objective on shares of Centrica PLC in a research note on Wednesday, July 20th. Finally, Goldman Sachs Group lowered shares of Centrica PLC to a “sell” rating and increased their price objective for the stock from GBX 211 ($2.81) to GBX 213 ($2.84) in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 233.84 ($3.11).
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.
To view Credit Suisse Group AG’s full report, visit Credit Suisse Group AG’s official website.
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