Centrica (LON:CNA) had its price objective reduced by UBS Group from GBX 135 ($1.76) to GBX 110 ($1.44) in a research note released on Thursday, Digital Look reports. UBS Group currently has a neutral rating on the integrated energy company’s stock.
Other equities analysts have also issued research reports about the company. Kepler Capital Markets restated a buy rating on shares of Centrica in a research note on Wednesday, January 16th. Goldman Sachs Group lowered their price objective on Centrica from GBX 163 ($2.13) to GBX 158 ($2.06) and set a buy rating on the stock in a research note on Tuesday, January 8th. Jefferies Financial Group lowered their price objective on Centrica from GBX 125 ($1.63) to GBX 110 ($1.44) and set a hold rating on the stock in a research note on Friday, March 1st. Berenberg Bank lowered Centrica to a hold rating and lowered their price objective for the stock from GBX 155 ($2.03) to GBX 140 ($1.83) in a research note on Monday, February 18th. Finally, HSBC lowered their price objective on Centrica from GBX 140 ($1.83) to GBX 120 ($1.57) and set a hold rating on the stock in a research note on Friday, March 8th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Centrica currently has a consensus rating of Hold and an average price target of GBX 122.27 ($1.60).
LON:CNA opened at GBX 105.75 ($1.38) on Thursday. The company has a market cap of $6.02 billion and a P/E ratio of 33.05. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 120.42. Centrica has a 1-year low of GBX 105.10 ($1.37) and a 1-year high of GBX 164.50 ($2.15).
Centrica (LON:CNA) last posted its quarterly earnings data on Thursday, February 21st. The integrated energy company reported GBX 11.20 ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 11.60 ($0.15) by GBX (0.40) (($0.01)). As a group, equities research analysts forecast that Centrica will post 1258.99991475707 earnings per share for the current year.
The firm also recently declared a dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 9th will be paid a GBX 8.40 ($0.11) dividend. This is a positive change from Centrica’s previous dividend of $3.60. The ex-dividend date of this dividend is Thursday, May 9th. This represents a dividend yield of 6.12%. Centrica’s dividend payout ratio (DPR) is presently 3.75%.
In other Centrica news, insider Charles Berry purchased 40,000 shares of the firm’s stock in a transaction dated Friday, March 29th. The shares were bought at an average price of GBX 115 ($1.50) per share, for a total transaction of £46,000 ($60,107.15). Also, insider Iain C. Conn purchased 100,000 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was acquired at an average price of GBX 123 ($1.61) per share, for a total transaction of £123,000 ($160,721.29). In the last quarter, insiders bought 140,231 shares of company stock worth $16,929,964.
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, Exploration & Production, and Centrica Storage segments.
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