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Jefferies has cut its rating on Centrica PLC (LSE:CNA), the British Gas owner, from 'buy' to 'hold', arguing that the stock's strong run this year has left it looking fully valued against a backdrop of limited near-term growth and deteriorating earnings momentum. The investment bank said Centrica's shares, which have risen more than 10% in 2026, now trade at around 10 times its estimated 2030 earnings, a level it…

The British Gas owner is betting its future on contracted infrastructure assets, but the retail and trading businesses still have something to prove Nuclear power is doing the heavy lifting in Centrica PLC's (LSE:CNA) revised growth story. RBC Capital Markets lifted its price target on the British Gas parent to 225p from 215p, after the company formally extended the operating lives of four of its five nuclear…

Centrica PLC (LSE:CNA) is in the middle of rewiring itself as an energy business, and JP Morgan thinks the market is not giving it enough credit for what that transformation will deliver. The US investment bank has reiterated its 'overweight' rating on the British Gas owner with a street-high price target of 224p, implying 19% upside from current levels.

UBS reiterated its 'buy' rating on Centrica PLC (LSE:CNA) with a 12-month price target of 200p following full-year results, despite flagging no incremental positives in the release. The shares closed at 196p on 18 February 2026, implying forecast price appreciation of 2.0% and a forecast total return of 4.8%, below UBS's market return assumption of 8.6%.

Centrica PLC (LSE:CNA) led the Footsie list of losers in early trading, with the shares dropping 8% on the surprise news that the British Gas owner is pausing its share buyback programme to redirect capital towards major infrastructure projects, including Sizewell C. Chief executive Chris O'Shea said: “Pausing the buyback enables us to prioritise investment that creates lasting value for shareholders, while…