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JP Morgan has added Centrica PLC (LSE:CNA), the owner of British Gas, to its Analyst Focus List, arguing the market has overreacted to this year's earnings downgrades. Analyst Pavan Mahbubani kept his 'overweight' rating on the FTSE 100 energy group and sees 53% upside in the shares.

Centrica is transitioning into a focused, integrated energy company with improving earnings quality and a more attractive core business. CPYYF trades at a steep discount to sector peers, reflecting higher risk from commodity exposure, customer debt, and execution, yet it offers significant upside if execution improves. Retail earnings are stabilizing through the UK price-cap cycle, but bad debt and competitive…

British Gas owner Centrica PLC (LSE:CNA) still offers material upside, according to analysts at UBS, despite the Swiss bank's downgraded price target and earnings forecasts as weakness in energy trading nears a potential trough. With a 'Buy' rating and a new 12-month target of 205p, from 220p, the bank's pitch still sees just over 30% upside to the current market price of around 155p.

Centrica LON: CNA reported lower first-half earnings for 2026 while raising its interim dividend and reiterating long-term targets, as executives said the company is investing heavily to reshape its portfolio toward more predictable infrastructure-led cash flows.

British Gas ​owner Centrica said on Thursday that it ‌is cutting about 1,300 jobs as part of ​an ongoing transformation programme.