Centrica PLC

Centrica is an energy and services company. Co.'s segment are: Energy Supply and Services, which supplies gas and electricity in the U.K. and North America; Connected Home, which supplies energy solutions and technologies to residential customers; Distributed Energy and Power, which supplies energy solutions, generation and technologies to commercial and industrial customers; Energy Marketing and Trading, which trades and optimizes energy; Exploration and Production, which produces and processes gas and oil and develops new fields; Central Power Generation, which generates power from combined cycle gas turbines, wind and nuclear assets; and Centrica Storage, gas storage in the U.K.
  • TickerCNA
  • ISINGB00B033F229
  • ExchangeLondon Stock Exchange
  • SectorGas, Water & Multi-utilities
  • CountryUnited Kingdom

Analysts

Philip Morrish

Value Indicator - UK Utilities 20052019

Currently '(TM)Value Indicator - UK Utilities' is a value analysis of the Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the user with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 20052019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Tancrede Fulop

Morningstar | Centrica Reiterates Its FY Targets Despite a Persistingly Challenging Backdrop; Shares Undervalued

We reiterate our fair value estimate of GBX 140 per share along with our no-moat, stable trend ratings after Centrica released its trading statement for the first four months of 2019, in which it reaffirmed its 2019 targets and announced it will present a strategy update at its half-year results on 30 July 2019. After the credit rating downgrade in April by S&P from BBB+ to BBB, we think the largely factored-in dividend cut is highly likely. In addition, against a backdrop of declining interest rates, the upcoming pension triennial review implies a risk of an increasing pension deficit, break-...

Tancrede Fulop

Centrica Reiterates Its FY Targets Despite a Persistingly Challenging Backdrop; Shares Undervalued

We reiterate our fair value estimate of GBX 140 per share along with our no-moat, stable trend ratings after Centrica released its trading statement for the first four months of 2019, in which it reaffirmed its 2019 targets and announced it will present a strategy update at its half-year results on 30 July 2019. After the credit rating downgrade in April by S&P from BBB+ to BBB, we think the largely factored-in dividend cut is highly likely. In addition, against a backdrop of declining inter...

Philip Morrish

Value Indicator - UK Utilities 13052019

Currently '(TM)Value Indicator - UK Utilities' is a value analysis of the Telecom and Utilities sectors of quoted companies on the London Stock Exchage's main market that provides the reader with indicative longer-term target prices.

Moody's announces completion of a periodic review of ratings of Centrica plc

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Centrica plc. Global Credit Research- 02 Apr 2019. London, 02 April 2019-- Moody's Investors Service has completed a periodic review of the ratings of Centrica plc and other ratings that are associated with the same analytical unit.

Centrica plc: Update to credit analysis following preliminary results and ratings affirmation

Our credit view of Centrica, reflecting its 2018 preliminary results

Centrica plc: Update to credit analysis

Our credit view of Centrica, reflecting its half-year 2018 results, events up to January 2019 and our forward-looking view as at January 2019.

Moody's: UK to hit EU decarbonisation targets but power generators face price uncertainty

While the UK is on track to meet its 2020 renewables and decarbonisation targets and leads Europe on electricity sector emission reductions, power producers face a degree of uncertainty around the direction of electricity prices, says Moody's Investors Service in a report published today. ...

Centrica plc: Annual update

Annual update of Centrica's credit opinion

Tancrede Fulop

Morningstar | Centrica Reiterates Its FY Targets Despite a Persistingly Challenging Backdrop; Shares Undervalued

We reiterate our fair value estimate of GBX 140 per share along with our no-moat, stable trend ratings after Centrica released its trading statement for the first four months of 2019, in which it reaffirmed its 2019 targets and announced it will present a strategy update at its half-year results on 30 July 2019. After the credit rating downgrade in April by S&P from BBB+ to BBB, we think the largely factored-in dividend cut is highly likely. In addition, against a backdrop of declining interest rates, the upcoming pension triennial review implies a risk of an increasing pension deficit, break-...

Tancrede Fulop

Centrica Reiterates Its FY Targets Despite a Persistingly Challenging Backdrop; Shares Undervalued

We reiterate our fair value estimate of GBX 140 per share along with our no-moat, stable trend ratings after Centrica released its trading statement for the first four months of 2019, in which it reaffirmed its 2019 targets and announced it will present a strategy update at its half-year results on 30 July 2019. After the credit rating downgrade in April by S&P from BBB+ to BBB, we think the largely factored-in dividend cut is highly likely. In addition, against a backdrop of declining inter...

Tancrede Fulop

Morningstar | CNA Updated Forecasts and Estimates from 22 Mar 2019

Centrica revised its strategy in 2015 to focus on customer-facing activities and downsize upstream activities . The company sold its combined-cycle gas turbines, wind farms, and oil and gas assets outside Europe and is acquiring small, light-capital-intensive companies involved in innovative energy services linked to digitalisation and efficiency. Management's bet is to leverage on the group's large customer base to embrace markets linked to new energy. Still, we believe those businesses have no moat and uncertain structural profitability. Retail energy supply in the United Kingdom is the larg...

Tancrede Fulop

Morningstar | Earnings trough should be finally reached in 2019

Centrica revised its strategy in 2015 to focus on customer-facing activities and downsize upstream activities . The company sold its combined-cycle gas turbines, wind farms, and oil and gas assets outside Europe and is acquiring small, light-capital-intensive companies involved in innovative energy services linked to digitalisation and efficiency. Management's bet is to leverage on the group's large customer base to embrace markets linked to new energy. Still, we believe those businesses have no moat and uncertain structural profitability. Retail energy supply in the United Kingdom is the larg...

Tancrede Fulop

Earnings trough should be finally reached in 2019

Centrica warned on 2019 cash flows, increasing the risk of a dividend cut. The 2018 dividend is confirmed at GBX 12 per share. We expect to cut our fair value estimate by a low-double-digit rate on this publication. For the moment, we reiterate our GBX 160 fair value estimate and no-moat, stable trend rating. We recommend investors owning shares to keep them. 2018 adjusted EPS decreased 10% to GBX 11.2 versus guidance of GBX 11.5 and our GBX 11 estimate. The most disappointing performance was ag...

1 director maiden bought

A director at Centrica maiden bought 40,000 shares at 115p and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board m...

Philip Morrish

Value Indicator - UK Utilities 20052019

Currently '(TM)Value Indicator - UK Utilities' is a value analysis of the Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the user with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 20052019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Utilities 13052019

Currently '(TM)Value Indicator - UK Utilities' is a value analysis of the Telecom and Utilities sectors of quoted companies on the London Stock Exchage's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 13052019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the user with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Utilities 07052019

Currently '(TM)Value Indicator - UK Utilities' is a value analysis of the Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

MarketLine Department

RWE AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's RWE AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by RWE AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights This repo...

Centrica Plc (CNA) - Oil & Gas - Deals and Alliances Profile

Summary Centrica plc (Centrica) is an integrated energy company. It carries out electricity generation through and combined cycle gas turbine (CCGT) power stations, and nuclear power plants through its stake in EDF Energy Nuclear Generation. Centrica secures and supply gas and electricity to homes and businesses and offers a range of home energy solutions and low carbon products and services. The company also conducts exploration and production of gas and oil, and storage of gas. Its core retail brands include, British Gas, Centrica Energy, Bord Gais Energy, Centrica Storage, Direct Energy an...

Centrica Plc (CNA) - Power - Deals and Alliances Profile

Summary Centrica plc (Centrica) is an integrated energy company. It carries out electricity generation through and combined cycle gas turbine (CCGT) power stations, and nuclear power plants through its stake in EDF Energy Nuclear Generation. Centrica secures and supply gas and electricity to homes and businesses and offers a range of home energy solutions and low carbon products and services. The company also conducts exploration and production of gas and oil, and storage of gas. Its core retail brands include, British Gas, Centrica Energy, Bord Gais Energy, Centrica Storage, Direct Energy an...

Expert Corporate Governance Service (ECGS)

Centrica - AGM 13 May 2019

Item 2: Approve the Remuneration Report The structure is unacceptable, though it is sufficiently aligned with long-term performance. The maximum STI exceeds guidelines. Both the STI and LTI are overly dependent on qualitative criteria. The quantum for the year was not excessive, but variable remuneration exceeded guidelines. The Company has also issued a profit warning for 2019, providing that it expects the energy regulatorns tariff price cap to result in some negative near-term impact on earnings and cash flow in UK Home, particularly in 2019, before it has fully realised its planned cost ...

Centrica PLC – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Defensive posture warranted Our outlook for global equity markets remains cautious and we expect additional weakness and consolidation, notwithstanding shorter-term countertrend rallies. Indexes throughout Europe and Asia continue their struggle to gain a firm footing, and, unsurprisingly, the same can be said of broad developed and emerging market indexes (i.e., MSCI EAFE, EM, ACWI, ACWI ex-U.S.) which are all in downtrends or have recently broken down. In light of continued global market weakness, we believe a defensive posture is warranted. In today's report we highlight various ways to ac...

Jérôme VINERIER

Short term view - CENTRICA : The trend is bullish.

The trend is bullish. The current fall looks like a consolidation. The support at 137.00 p could cause a bullish reaction towards 152.70 p. The break of 137.00 p would endanger the trend.

Jérôme VINERIER

Analyse court terme - CENTRICA : La tendance est haussière.

La tendance est haussière. La baisse en cours s'apparente à une consolidation. Le support à 137,00 p pourrait relancer le mouvement haussier vers 152,70 p. La rupture de 137,00 p mettrait la tendance en danger.

Jérôme VINERIER

Analyse court terme - CENTRICA : Les cours progressent encore.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 152,70 p. La rupture du support à 137,00 p invaliderait cette tendance.

Jérôme VINERIER

Short term view - CENTRICA : Prices are still making progress

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at 152.70 p. Breaking below the support at 137.00 p would invalidate the trend.

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