UK's Centrica rises after Jefferies upgrade to 'buy'
03/11/2026 08:38
BUZZ-UK's Centrica rises after Jefferies upgrade to 'buy' ** Shares of British Gas owner Centrica CNA.L rise nearly 3% to 154.2 pence
** Jefferies upgrades stock rating to "buy" from "hold"; raises PT to 200p from 190p, representing 33.4% upside to stock's last close
** Brokerage expects earnings growth to be driven by its retail and infrastructure businesses, with additional upside from company's new infrastructure projects
** "In our view, the market is overlooking the visibility and growth embedded in the business" - Jefferies
** Average stock rating of 15 analysts is "buy" with median PT of 205p - LSEG data
** Up to last close, shares down 11.5% YTD
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))