Goldman Sachs Group Cuts Centrica (LON:CNA) Price Target to GBX 47

Centrica (LON:CNA) had its price target decreased by Goldman Sachs Group from GBX 74 ($0.97) to GBX 47 ($0.62) in a research report released on Tuesday, Stock Target Advisor reports. Goldman Sachs Group currently has a neutral rating on the integrated energy company’s stock.

Other analysts have also recently issued research reports about the stock. Barclays raised their target price on shares of Centrica from GBX 70 ($0.92) to GBX 84 ($1.10) and gave the stock an underweight rating in a research report on Monday, February 3rd. 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 report on Thursday, January 9th. UBS Group lowered their target price on shares of Centrica from GBX 110 ($1.45) to GBX 105 ($1.38) and set a buy rating on the stock in a research report on Wednesday, February 12th. Kepler Capital Markets lowered shares of Centrica to a reduce rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group lowered their target price on shares of Centrica from GBX 105 ($1.38) to GBX 100 ($1.32) and set a buy rating on the stock in a research report on Wednesday, March 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Centrica currently has a consensus rating of Hold and an average price target of GBX 86.13 ($1.13).

CNA stock opened at GBX 40.77 ($0.54) on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.72 and a debt-to-equity ratio of 297.66. Centrica has a twelve month low of GBX 35.01 ($0.46) and a twelve month high of GBX 116.55 ($1.53). The company’s 50 day moving average is GBX 65.62 and its two-hundred day moving average is GBX 76. The stock has a market cap of $2.40 billion and a P/E ratio of -2.29.

Centrica (LON:CNA) last released its quarterly earnings data on Thursday, February 13th. The integrated energy company reported GBX 7.30 ($0.10) earnings per share for the quarter, hitting analysts’ consensus estimates of GBX 7.30 ($0.10). On average, equities research analysts predict that Centrica will post 1258.1932799 earnings per share for the current year.

The company also recently announced a dividend, which will be paid on Monday, June 22nd. Investors of record on Thursday, May 7th will be paid a GBX 3.50 ($0.05) dividend. This is an increase from Centrica’s previous dividend of $1.50. The ex-dividend date is Thursday, May 7th. This represents a yield of 4.13%. Centrica’s payout ratio is presently -0.28%.

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.

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Analyst Recommendations for Centrica (LON:CNA)

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