HSBC cut shares of Centrica (LON:CNA) to a reduce rating in a research report released on Wednesday. The brokerage currently has GBX 120 ($1.70) price objective on the integrated energy company’s stock, down from their previous price objective of GBX 150 ($2.12).
CNA has been the subject of a number of other reports. Deutsche Bank reissued a sell rating and set a GBX 125 ($1.77) target price on shares of Centrica in a research note on Wednesday, January 31st. Kepler Capital Markets reissued a buy rating and set a GBX 190 ($2.69) target price on shares of Centrica in a research note on Friday, December 15th. Credit Suisse Group reissued a neutral rating and set a GBX 175 ($2.47) target price on shares of Centrica in a research note on Wednesday, January 3rd. JPMorgan Chase reissued a neutral rating and set a GBX 150 ($2.12) target price on shares of Centrica in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada raised Centrica to an outperform rating and increased their target price for the stock from GBX 150 ($2.12) to GBX 175 ($2.47) in a research note on Monday, February 26th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 177 ($2.50).
Shares of LON CNA opened at GBX 139.55 ($1.97) on Wednesday. Centrica has a twelve month low of GBX 119.71 ($1.69) and a twelve month high of GBX 221 ($3.12).
The firm also recently declared a dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, May 10th will be paid a dividend of GBX 8.40 ($0.12) per share. This is a boost from Centrica’s previous dividend of $3.60. This represents a dividend yield of 5.83%. The ex-dividend date of this dividend is Thursday, May 10th.
In other Centrica news, insider Stephen Pusey purchased 1,678 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was bought at an average cost of GBX 139 ($1.96) per share, with a total value of £2,332.42 ($3,296.71). Also, insider Margherita D. Valle purchased 1,368 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of GBX 145 ($2.05) per share, with a total value of £1,983.60 ($2,803.67). Insiders have bought a total of 44,985 shares of company stock valued at $6,335,510 over the last ninety days.
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Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, North America, Norway, and internationally. The company operates through Energy Supply & Services?UK & Ireland, Energy Supply & Services?North America, Connected Home, Distributed Energy & Power, Energy Marketing & Trading, Exploration & Production, Central Power Generation, and Centrica Storage segments.
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