Centrica (LON:CNA) had its price objective trimmed by Berenberg Bank from GBX 140 ($1.83) to GBX 80 ($1.05) in a report released on Monday morning, Digital Look reports. The brokerage currently has a hold rating on the integrated energy company’s stock.
A number of other analysts have also weighed in on the company. Sanford C. Bernstein cut their price objective on Centrica from GBX 105 ($1.37) to GBX 85 ($1.11) and set a market perform rating on the stock in a research report on Tuesday, August 6th. Barclays reaffirmed an underweight rating on shares of Centrica in a research report on Wednesday, June 19th. Societe Generale assumed coverage on shares of Centrica in a research note on Friday, June 7th. They set a hold rating and a GBX 95 ($1.24) target price for the company. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 75 ($0.98) target price (down previously from GBX 110 ($1.44)) on shares of Centrica in a research note on Thursday, September 5th. Finally, UBS Group reiterated a neutral rating and set a GBX 68 ($0.89) target price (down previously from GBX 110 ($1.44)) on shares of Centrica in a research note on Tuesday, August 13th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 99 ($1.29).
Centrica stock opened at GBX 74.08 ($0.97) on Monday. Centrica has a twelve month low of GBX 63.99 ($0.84) and a twelve month high of GBX 156.65 ($2.05). The stock’s fifty day simple moving average is GBX 72.84 and its 200-day simple moving average is GBX 96.24. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 181.72. The firm has a market capitalization of $4.30 billion and a P/E ratio of -6.92.
The business also recently disclosed a dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, October 10th will be paid a GBX 1.50 ($0.02) dividend. The ex-dividend date is Thursday, October 10th. This represents a yield of 1.9%. Centrica’s dividend payout ratio is presently -0.93%.
In related news, insider Chris OShea acquired 46,750 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was bought at an average price of GBX 66 ($0.86) per share, for a total transaction of £30,855 ($40,317.52). Insiders acquired 47,329 shares of company stock valued at $3,130,484 in the last 90 days.
Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, Germany, Norway, rest of Europe, the United States, Canada, and internationally. The company operates through Centrica Consumer, Centrica Business, and Exploration & Production segments. It supplies gas and electricity to residential customers, as well as offers energy-related services; and generates power from combined cycle gas turbines and nuclear assets.
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