UBS Group reissued their neutral rating on shares of Centrica (LON:CNA) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports. UBS Group currently has a GBX 68 ($0.89) target price on the integrated energy company’s stock, down from their previous target price of GBX 110 ($1.44).
A number of other research analysts have also weighed in on CNA. Societe Generale started coverage on Centrica in a research report on Friday, June 7th. They set a hold rating and a GBX 95 ($1.24) price objective for the company. Barclays reiterated an underweight rating on shares of Centrica in a research report on Wednesday, June 19th. Goldman Sachs Group dropped their price target on Centrica from GBX 126 ($1.65) to GBX 122 ($1.59) and set a neutral rating for the company in a research report on Monday, April 15th. JPMorgan Chase & Co. lowered Centrica to a neutral rating and dropped their price target for the stock from GBX 150 ($1.96) to GBX 125 ($1.63) in a research report on Monday, April 15th. Finally, Credit Suisse Group dropped their price target on Centrica from GBX 105 ($1.37) to GBX 83 ($1.08) and set a neutral rating for the company in a research report on Thursday, August 8th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. Centrica currently has an average rating of Hold and an average target price of GBX 106.86 ($1.40).
Shares of Centrica stock opened at GBX 64.96 ($0.85) on Tuesday. The firm has a market cap of $3.78 billion and a price-to-earnings ratio of -6.07. The business has a 50-day moving average price of GBX 81.92 and a 200-day moving average price of GBX 103.24. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 181.72. Centrica has a twelve month low of GBX 66.78 ($0.87) and a twelve month high of GBX 156.65 ($2.05).
The business also recently declared a dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, October 10th will be given a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a yield of 1.9%. Centrica’s dividend payout ratio is currently -0.93%.
In related news, insider Kevin O’Byrne purchased 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was bought at an average price of GBX 94 ($1.23) per share, for a total transaction of £37,600 ($49,131.06). In the last quarter, insiders purchased 40,527 shares of company stock valued at $3,804,972.
Centrica Company Profile
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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