HSBC Holdings plc Reaffirms “Hold” Rating for Centrica PLC (CNA)

HSBC Holdings plc restated their hold rating on shares of Centrica PLC (LON:CNA) in a research report sent to investors on Monday. HSBC Holdings plc currently has a GBX 202 ($2.63) target price on the integrated energy company’s stock.

Other equities analysts also recently issued reports about the stock. UBS AG downgraded shares of Centrica PLC to a neutral rating and dropped their target price for the stock from GBX 255 ($3.32) to GBX 215 ($2.80) in a research note on Monday, April 24th. Goldman Sachs Group, Inc. (The) reiterated a sell rating and set a GBX 174 ($2.27) price target on shares of Centrica PLC in a research report on Thursday, June 22nd. J P Morgan Chase & Co reiterated an underweight rating and set a GBX 180 ($2.34) price target on shares of Centrica PLC in a research report on Wednesday, June 21st. Deutsche Bank AG reiterated a sell rating and set a GBX 160 ($2.08) price target on shares of Centrica PLC in a research report on Thursday, June 8th. Finally, Barclays PLC lifted their price target on shares of Centrica PLC from GBX 195 ($2.54) to GBX 215 ($2.80) and gave the stock an equal weight rating in a research report on Monday, June 12th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Centrica PLC currently has an average rating of Hold and a consensus target price of GBX 209.39 ($2.73).

Shares of Centrica PLC (CNA) opened at 200.10 on Monday. Centrica PLC has a one year low of GBX 119.71 and a one year high of GBX 239.40. The company’s market capitalization is GBX 10.97 billion. The company’s 50-day moving average is GBX 203.51 and its 200-day moving average is GBX 211.12.

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The business also recently declared a dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, October 12th will be issued a GBX 3.60 ($0.05) dividend. This represents a dividend yield of 1.83%. The ex-dividend date is Thursday, October 12th.

In related news, insider Margherita D. Valle purchased 977 shares of Centrica PLC stock in a transaction dated Tuesday, July 25th. The stock was bought at an average price of GBX 203 ($2.64) per share, for a total transaction of £1,983.31 ($2,582.77). Insiders bought 3,107 shares of company stock valued at $639,434 in the last quarter.

About Centrica PLC

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.

Analyst Recommendations for Centrica PLC (LON:CNA)

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