UBS Group Lowers Centrica (LON:CNA) Price Target to GBX 105

Centrica (LON:CNA) had its price target decreased by UBS Group from GBX 110 ($1.45) to GBX 105 ($1.38) in a research report report published on Wednesday, Stock Target Advisor reports. UBS Group currently has a buy rating on the integrated energy company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Credit Suisse Group restated a neutral rating on shares of Centrica in a research note on Monday, January 20th. Kepler Capital Markets cut shares of Centrica to a reduce rating in a research note on Tuesday, January 14th. Sanford C. Bernstein raised their target price on shares of Centrica from GBX 80 ($1.05) to GBX 90.40 ($1.19) and gave the stock a market perform rating in a research note on Thursday, January 9th. Jefferies Financial Group raised their target price on shares of Centrica from GBX 100 ($1.32) to GBX 110 ($1.45) and gave the stock a buy rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. restated a neutral rating and set a GBX 75 ($0.99) target price on shares of Centrica in a research note on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 94.70 ($1.25).

LON CNA opened at GBX 71.26 ($0.94) on Wednesday. Centrica has a 12 month low of GBX 63.99 ($0.84) and a 12 month high of GBX 140.70 ($1.85). The stock has a market cap of $4.15 billion and a price-to-earnings ratio of -6.66. The company’s 50 day moving average is GBX 87.75 and its two-hundred day moving average is GBX 77.98. 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 (LON:CNA) last released its earnings results on Thursday, February 13th. The integrated energy company reported GBX 7.30 ($0.10) EPS for the quarter, hitting analysts’ consensus estimates of GBX 7.30 ($0.10). Sell-side analysts forecast that Centrica will post 1258.9999594 EPS for the current year.

The business also recently disclosed a dividend, which will be paid on Monday, June 22nd. Stockholders of record on Thursday, May 7th will be given a dividend of GBX 3.50 ($0.05) per share. The ex-dividend date of this dividend is Thursday, May 7th. This represents a dividend yield of 4.13%. This is a boost from Centrica’s previous dividend of $1.50. Centrica’s dividend payout ratio (DPR) is presently -0.93%.

Centrica Company Profile

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.

Further Reading: Hedge Funds Explained

Analyst Recommendations for Centrica (LON:CNA)

Receive News & Ratings for Centrica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrica and related companies with's FREE daily email newsletter.