Centrica downgraded to Neutral from Overweight at JPMorgan. JPMorgan analyst Chris Laybutt downgraded Centrica to Neutral from Overweight and lowered his price target for the shares to GBP 1.25 from GBP 1.50. U.K. energy customer switching levels will remain high amid increasing competition and hurt the company's margins in the near term, Laybutt tells investors in a research note.
Centrica downgraded to Neutral from Buy at Goldman Sachs. Goldman Sachs analyst Ajay Patel downgraded Centrica to Neutral and lowered his price target for the shares to GBP 1.32 from GBP 1.58 citing the company's "weak" fiscal year results.
Centrica downgraded to Hold from Buy at Berenberg. Berenberg downgraded Centrica to Hold saying operational issues in the company's nuclear and upstream gas segments will continue to pressure its earnings
Centrica downgraded to Neutral from Buy at Citi. Citi analyst Jenny Ping downgraded Centrica to Neutral with a price target of 144p. The analyst sees "little reason" to own the shares given the company's lack of growth.
Centrica downgraded to Hold from Buy at Jefferies. Jefferies analyst Ahmed Farman downgraded Centrica to Hold and lowered his price target for the shares to 125p from 170p. The analyst sees downside risk to 2019-2020 earnings estimates and views the company's credit metrics as "borderline."
Centrica downgraded to Neutral from Buy at UBS. UBS downgraded Centrica to Neutral and lowered its price target for the shares to 135p from 165p. The firm sees customer losses, lower production volumes in the asset business and falling commodity prices putting pressure on the company's strategy.