Centrica PLC (CNA) Rating Lowered to Reduce at HSBC Holdings plc

Centrica PLC (LON:CNA) was downgraded by analysts at HSBC Holdings plc to a “reduce” rating in a report issued on Friday. They currently have a GBX 200 ($2.47) price objective on the integrated energy company’s stock, down from their prior price objective of GBX 225 ($2.78). HSBC Holdings plc’s price objective suggests a potential downside of 6.63% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Beaufort Securities reissued a “buy” rating on shares of Centrica PLC in a report on Friday, December 16th. Investec reissued a “buy” rating and set a GBX 260 ($3.21) price target on shares of Centrica PLC in a report on Friday, January 13th. Berenberg Bank reissued a “buy” rating on shares of Centrica PLC in a report on Tuesday, December 13th. Morgan Stanley reissued an “equal weight” rating and set a GBX 225 ($2.78) price target on shares of Centrica PLC in a report on Friday, December 2nd. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 245 ($3.03) price target on shares of Centrica PLC in a report on Thursday, November 24th. Seven research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 226.33 ($2.80).

Analyst Recommendations for Centrica PLC (LON:CNA)

Shares of Centrica PLC (LON:CNA) opened at 214.90 on Friday. The stock has a 50 day moving average of GBX 226.73 and a 200-day moving average of GBX 222.33. Centrica PLC has a 12 month low of GBX 195.18 and a 12 month high of GBX 248.39. The company’s market cap is GBX 11.75 billion.

The business also recently disclosed a dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, May 11th will be given a dividend of GBX 8.40 ($0.10) per share. This is an increase from Centrica PLC’s previous dividend of $3.60. This represents a dividend yield of 3.72%. The ex-dividend date is Thursday, May 11th.

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In related news, insider Margherita D. Valle acquired 884 shares of the business’s stock in a transaction that occurred on Wednesday, January 25th. The stock was purchased at an average cost of GBX 225 ($2.78) per share, for a total transaction of £1,989 ($2,456.47). Also, insider Stephen Pusey acquired 1,009 shares of the business’s stock in a transaction that occurred on Wednesday, December 28th. The shares were bought at an average price of GBX 232 ($2.87) per share, with a total value of £2,340.88 ($2,891.05). Insiders have purchased a total of 2,962 shares of company stock valued at $676,023 over the last 90 days.

About Centrica PLC

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.

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