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

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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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