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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Centrica    CNA   GB00B033F229

CENTRICA (CNA)
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Strong consensus in parliament to act on energy price caps - Clark

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10/05/2017 | 10:11am CET

There is a strong consensus within the British parliament that the energy market needs to be restructured and MPs will act to give the regulator the necessary power to impose price caps if needed, business secretary Greg Clark said.

Prime Minister Theresa May stunned the energy market on Wednesday when she announced a plan to impose price caps on standard variable tariffs, the basic rates that energy suppliers charge if a customer does not opt for a specific plan. Around 70 percent of households are on SVTs.

"If they (the regulator) need legal back-up there is a strong consensus in parliament for this, so we will publish legislation and we'll invite the whole house to endorse this so that they have the legal certainty," Clark told BBC Radio 4 on Thursday.

(Reporting by Kate Holton; editing by Estelle Shirbon)

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Financials ( GBP)
Sales 2017 27 525 M
EBIT 2017 1 318 M
Net income 2017 588 M
Debt 2017 2 962 M
Yield 2017 8,64%
P/E ratio 2017 12,71
P/E ratio 2018 9,89
EV / Sales 2017 0,39x
EV / Sales 2018 0,38x
Capitalization 7 787 M
Chart CENTRICA
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Centrica Technical Analysis Chart | CNA | GB00B033F229 | 4-Traders
Technical analysis trends CENTRICA
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 19
Average target price 1,56  GBP
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Iain C. Conn Chief Executive Officer & Director
Richard Neil Haythornthwaite Chairman
Jeff Bell Group Chief Financial Officer & Director
Charles Cameron Director-Technology & Engineering
Mike Young Group Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
CENTRICA2.69%10 788
ENGIE0.70%42 911
ELECTRICITÉ DE FRANCE4.85%39 063
NATIONAL GRID PLC-5.09%38 867
SEMPRA ENERGY-0.31%26 641
ORSTED3.66%24 164