Jefferies Financial Group Analysts Increase Earnings Estimates for Centrica plc (OTCMKTS:CPYYY)

Centrica plc (OTCMKTS:CPYYYGet Rating) – Equities research analysts at Jefferies Financial Group lifted their FY2022 earnings estimates for shares of Centrica in a report released on Tuesday, November 15th. Jefferies Financial Group analyst A. Farman now anticipates that the utilities provider will post earnings per share of $1.12 for the year, up from their prior estimate of $0.92. Jefferies Financial Group currently has a “Buy” rating on the stock. The consensus estimate for Centrica’s current full-year earnings is $0.83 per share. Jefferies Financial Group also issued estimates for Centrica’s FY2023 earnings at $0.81 EPS, FY2024 earnings at $0.67 EPS and FY2025 earnings at $0.52 EPS.

Several other brokerages also recently issued reports on CPYYY. UBS Group upped their price target on shares of Centrica from GBX 80 ($0.94) to GBX 85 ($1.00) in a report on Tuesday, November 1st. Credit Suisse Group lifted their price target on Centrica from GBX 95 ($1.12) to GBX 110 ($1.29) in a research note on Tuesday, August 9th. Citigroup downgraded Centrica from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 3rd. Finally, HSBC upgraded shares of Centrica from a “reduce” rating to a “hold” rating in a research report on Thursday, August 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.00.

Centrica Price Performance

Shares of OTCMKTS:CPYYY opened at $4.39 on Friday. The firm has a 50 day simple moving average of $3.43 and a 200 day simple moving average of $3.77. Centrica has a one year low of $2.94 and a one year high of $4.48.

Centrica Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 28th. Investors of record on Friday, October 7th will be paid a $0.038 dividend. This represents a dividend yield of 1.22%. The ex-dividend date is Thursday, October 6th.

Centrica Company Profile

(Get Rating)

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Energy Marketing & Trading, and Upstream segments.

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