Source - SMW
RBC Capital has downgraded its recommendation on gas and electricity supplier Centrica (LON:CNA) to 'sector perform' from 'outperform' stating that the energy company's growth strategy needs proof points.

The broker said: "With a growth strategy lacking in proof points, a domestic energy pricing position that remains uncompetitive and commodity prices ~5-10% off summer highs, we are becoming less optimistic on Centrica."

Analysts have trimmed their target price to 240 pence per share from 250 pence.

At 1:57pm: (LON:CNA) Centrica PLC share price was +1.95p at 230.15p