Centrica PLC (CNA) Downgraded to “Neutral” at Macquarie

Macquarie lowered shares of Centrica PLC (LON:CNA) to a neutral rating in a report published on Friday, April 21st. The brokerage currently has GBX 220 ($2.84) target price on the integrated energy company’s stock.

Several other analysts have also commented on the company. BNP Paribas reaffirmed a neutral rating and set a GBX 210 ($2.71) target price on shares of Centrica PLC in a report on Thursday, March 30th. Goldman Sachs Group Inc reaffirmed a sell rating and set a GBX 214 ($2.76) target price on shares of Centrica PLC in a report on Wednesday, March 29th. Jefferies Group LLC reaffirmed an underperform rating and set a GBX 190 ($2.45) target price on shares of Centrica PLC in a report on Friday, March 17th. HSBC Holdings plc lowered Centrica PLC to a reduce rating and dropped their target price for the stock from GBX 225 ($2.90) to GBX 200 ($2.58) in a report on Friday, March 17th. Finally, Morgan Stanley dropped their target price on Centrica PLC from GBX 235 ($3.03) to GBX 215 ($2.78) and set an equal weight rating on the stock in a report on Tuesday, March 14th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Centrica PLC has a consensus rating of Hold and a consensus price target of GBX 216 ($2.79).

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The company also recently disclosed a dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, May 11th will be paid a GBX 8.40 ($0.11) dividend. The ex-dividend date is Thursday, May 11th. This is a boost from Centrica PLC’s previous dividend of $3.60. This represents a dividend yield of 3.72%.

In related news, insider Stephen Pusey bought 1,083 shares of the stock in a transaction that occurred on Friday, March 24th. The stock was purchased at an average cost of GBX 216 ($2.79) per share, with a total value of £2,339.28 ($3,019.59). Also, insider Margherita D. Valle bought 874 shares of the stock in a transaction that occurred on Friday, February 24th. The shares were bought at an average cost of GBX 227 ($2.93) per share, with a total value of £1,983.98 ($2,560.97). Insiders bought 3,079 shares of company stock valued at $660,338 over the last ninety days.

Centrica PLC Company Profile

Centrica plc is an energy and services company. The Company’s segments include 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.

12 Month Chart for LON:CNA

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