Centrica plc is an energy and services company. The Company's segments include Centrica Consumer, Centrica Business, and Exploration & Production. Centrica Consumer is focused on three areas, energy supply, in-home servicing and home solutions, with a geographic focus on the United Kingdom, Ireland and North America. Its United Kingdom Centrica Consumer segment is engaged in the supply of gas and electricity to residential customers in the United Kingdom.
Market Cap: £4.43Billion
The imminent reduction of interest in the UK has investors scrambling around for yield. Stocks with defensive characteristics and strong yields are attractive attention in recent days and the demand could continue. Centrica has found support at the 78.6% Fibonacci and broken up through the short-term downtrend. A move back to the recent highs could be seen.
Target 1: 84.75p
Target 2: 90p
Target 3: 95.25p
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there is defo 20% in it