Centrica stock gets Jefferies Buy upgrade as growth case gains focus

Published on 11/03/2026 at 18:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies upgraded Centrica stock to Buy from Hold and lifted its target to 200 pence from 190 pence. Retail growth supports the view.

Analyst upgrade highlights growth outlook

Jefferies sees earnings per share growing at a 13% compound annual rate from 2026 to 2030.
Retail and infrastructure are expected to drive 17% annual growth in visible earnings per share.
Centrica Energy and new infrastructure projects provide additional upside beyond the broker's base case.

Centrica, GB00B033F229, Illustration mit AI erstellt.

Jefferies upgraded Centrica stock to Buy from Hold on Tuesday, November 3, and raised its price target to 200 pence from 190 pence. Hargreaves Lansdown, citing Sharecast News, reported that the broker sees the market overlooking growth embedded in the British Gas owner's retail and infrastructure businesses.

Centrica stock traded at 1.82 euros on Lang & Schwarz at 18:32 CET on Tuesday, November 3. The real-time quote of Centrica stock is available on the company snapshot page.

Broker sees visible earnings growth

Jefferies forecasts earnings per share to increase at a 13% compound annual growth rate between 2026 and 2030. The broker expects visible earnings per share from retail and infrastructure to grow at a 17% annual rate over the same period.

The analysis also points to further optionality from Centrica Energy and new infrastructure projects beyond the base case. The broker said its view reflects the visibility and growth embedded in the business, while additional project progress could add to the outlook.

Trading business remains a variable

The upgrade does not remove execution risk. Centrica Energy and other project opportunities remain dependent on operating performance and investment decisions, so the broker's target reflects an analytical scenario rather than a guaranteed return.