JPMorgan Chase Reiterates “Neutral” Rating for Centrica (CNA)


JPMorgan Chase restated their neutral rating on shares of Centrica (LON:CNA) in a research report released on Tuesday.

Several other equities research analysts have also recently weighed in on CNA. Credit Suisse Group reiterated an outperform rating on shares of Centrica in a research report on Friday, May 4th. Kepler Capital Markets decreased their price objective on shares of Centrica from GBX 190 ($2.58) to GBX 160 ($2.17) and set a buy rating for the company in a research report on Wednesday, February 28th. Royal Bank of Canada raised shares of Centrica to an outperform rating and increased their target price for the stock from GBX 150 ($2.03) to GBX 175 ($2.37) in a research note on Monday, February 26th. HSBC lowered shares of Centrica to a reduce rating and cut their target price for the stock from GBX 150 ($2.03) to GBX 120 ($1.63) in a research note on Wednesday, April 11th. Finally, Deutsche Bank reissued a sell rating and set a GBX 125 ($1.70) target price on shares of Centrica in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 174.63 ($2.37).


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CNA opened at GBX 141.84 ($1.92) on Tuesday. Centrica has a twelve month low of GBX 119.71 ($1.62) and a twelve month high of GBX 221 ($3.00).

Centrica (LON:CNA) last posted its quarterly earnings data on Thursday, February 22nd. The integrated energy company reported GBX 12.60 ($0.17) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of GBX 12.60 ($0.17). Centrica had a net margin of 2.16% and a return on equity of 21.95%. The company had revenue of GBX 2,802.30 billion during the quarter.


The firm also recently disclosed a dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, May 10th will be paid a GBX 8.40 ($0.11) dividend. This represents a dividend yield of 5.83%. This is a positive change from Centrica’s previous dividend of $3.60. The ex-dividend date is Thursday, May 10th.

In other Centrica news, insider Jeff Bell acquired 40,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of GBX 141 ($1.91) per share, with a total value of 拢56,400 ($76,505.70). Also, insider Mark Hanafin sold 89,365 shares of the firm’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of GBX 154 ($2.09), for a total transaction of 拢137,622.10 ($186,682.18). Insiders acquired 44,895 shares of company stock worth $6,335,844 over the last ninety days.


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, Exploration & Production, and Centrica Storage segments.

Analyst Recommendations for Centrica (LON:CNA)

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