Centrica’s (CNA) “Neutral” Rating Reiterated at UBS Group

UBS Group reiterated their neutral rating on shares of Centrica (LON:CNA) in a research report report published on Tuesday morning, ThisIsMoney.Co.Uk reports. UBS Group currently has a GBX 68 ($0.89) price objective on the integrated energy company’s stock, down from their prior price objective of GBX 110 ($1.44).

Several other analysts also recently commented on CNA. Sanford C. Bernstein cut their target price on Centrica from GBX 105 ($1.37) to GBX 85 ($1.11) and set a market perform rating on the stock in a research note on Tuesday, August 6th. JPMorgan Chase & Co. downgraded Centrica to a neutral rating and cut their target price for the company from GBX 150 ($1.96) to GBX 125 ($1.63) in a research note on Monday, April 15th. Societe Generale assumed coverage on Centrica in a research note on Friday, June 7th. They set a hold rating and a GBX 95 ($1.24) target price on the stock. Goldman Sachs Group cut their target price on Centrica from GBX 126 ($1.65) to GBX 122 ($1.59) and set a neutral rating on the stock in a research note on Monday, April 15th. Finally, HSBC upgraded Centrica to a hold rating in a research note on Tuesday, July 30th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 106.86 ($1.40).

Shares of CNA opened at GBX 64.96 ($0.85) on Tuesday. The business’s fifty day simple moving average is GBX 81.92 and its two-hundred day simple moving average is GBX 103.24. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 181.72. Centrica has a 12 month low of GBX 66.78 ($0.87) and a 12 month high of GBX 156.65 ($2.05). The company has a market cap of $3.78 billion and a price-to-earnings ratio of -6.07.

The company also recently declared a dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, October 10th will be issued a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date is Thursday, October 10th. This represents a dividend yield of 1.9%. Centrica’s payout ratio is -0.93%.

In other news, insider Kevin O’Byrne purchased 40,000 shares of the stock in a transaction dated Wednesday, May 29th. The shares were purchased at an average cost of GBX 94 ($1.23) per share, with a total value of £37,600 ($49,131.06). Insiders have bought a total of 40,527 shares of company stock worth $3,804,972 over the last three months.

About Centrica

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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Analyst Recommendations for Centrica (LON:CNA)

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