Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Centrica share price: what’s the latest ahead of its full-year results?

The British energy and services company is looking to deliver a strong performance in the second half of the year, with investors hoping it will hit its earnings targets in its full-year results next week.

Centrica will release its full-year results next week, with investors hoping it will meet its 2019 earnings targets.

The energy and services company expects its adjusted earnings to be weighted towards the second half of the year, with operating cash flow forecast to come in at the lower end of the £1.8 billion - £2 billion range. Year-end net debt is expected to be within the targeted £3 billion - £3.5 billion range.

In November, Centrica increased its efficiency savings forecast by £50m to £300m, though its capital investment guidance was cut by £100 million to £800 million

However, its full-year performance remains subject to the usual variables of weather patterns, commodity prices and operational and commercial performance, the company said.

Centrica is trading at £84p as of 16:15 (GMT) on Wednesday.

Looking to trade Centrica and other UK stocks? Open a live or demo account with IG today.

Barclays Capital upgrades price target for Centrica

Analysts from Barclays Capital reiterated their ‘underweight’ rating for Centrica in February and issued a price target of 84p, implying the stock is valued correctly at present, but investors should consider reducing their holdings in the company.

However, analysts from Jefferies and UBS took a bolder view of Centrica’s share price trajectory in January, with the pair both issuing price targets of 110p for the stock, implying potential upside of 30.9%.

You can go long or short Centrica with IG using derivatives like CFDs and spread bets.

Centrica faces stiff competition from smaller peers

Centrica continues to see margins come under pressure from a highly competitive energy market, with the sector filled with smaller, nimbler rivals.

To make matters worse for the big six supplier regulators have applied a cap on tariffs due to concerns that British consumers were being subjugated to rip-off charges for their gas and electricity.

‘The rate of UK energy supply net losses was lower than in the first half of the year and significantly lower than in 2018, despite continued high levels of price competition and market switching,’ Centrica said in its November trading update.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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