Centrica (CNA)

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Share Price:
155.95p
Market Cap:
£7,204m
Change Today:
1.05p
Sector:
Utilities

Jefferies downgrades Centrica to 'hold'

By Michele Maatouk

Date: Monday 02 Mar 2026

LONDON (ShareCast) - (Sharecast News) - Jefferies downgraded British Gas owner Centrica on Monday to 'hold' from 'buy' as it pointed to a more balanced risk-reward on the stock at current trading.
The broker noted that Centrica shares are up more than 10% year-to-date and trading at 10x Jefferies' estimated 2030 price-to-earnings.

"In our view, the bull case for Centrica requires more visibility on post-2028 growth drivers," it said.

"We see a lack of near-term catalysts along with near-term negative earnings revisions as overhangs for the stock, and we see better set-ups elsewhere in the Euro Utils sector through grids/power demand exposure.

"With a more balanced risk-reward on the stock at current trading, we downgrade to hold."

Jefferies lifted its price target on the stock to 210p from 200p.

At 1040 GMT, Centrica shares were down 1.6% at 196.05p in a sharply lower London market.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Centrica Market Data

Currency UK Pounds
Price 155.95p
Change Today 1.05p
52 Week High 218.70p
52 Week Low 151.50p
Volume 8,706,338
Shares Issued 4,619.45m
Market Cap £7,204m

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