Centrica PLC (CNA) Rating Reiterated by BNP Paribas
Centrica PLC (LON:CNA)‘s stock had its “neutral” rating reissued by investment analysts at BNP Paribas in a research report issued on Friday. They currently have a GBX 240 ($2.97) price target on the integrated energy company’s stock. BNP Paribas’ target price would suggest a potential upside of 17.07% from the company’s current price.
A number of other equities research analysts have also recently issued reports on the stock. Berenberg Bank lifted their price target on shares of Centrica PLC from GBX 230 ($2.85) to GBX 240 ($2.97) and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 250 ($3.10) price target on shares of Centrica PLC in a research note on Wednesday, November 2nd. Royal Bank Of Canada cut shares of Centrica PLC to a “sector performer” rating and lowered their target price for the stock from GBX 250 ($3.10) to GBX 240 ($2.97) in a research note on Monday, October 3rd. Jefferies Group cut shares of Centrica PLC to an “underperform” rating and lowered their target price for the stock from GBX 235 ($2.91) to GBX 190 ($2.35) in a research note on Thursday, September 22nd. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 270 ($3.34) target price on shares of Centrica PLC in a research note on Thursday, September 8th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. Centrica PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 231.47 ($2.87).
Centrica PLC (LON:CNA) opened at 205.80 on Friday. The company has a 50-day moving average of GBX 217.52 and a 200 day moving average of GBX 221.81. The stock’s market cap is GBX 10.64 billion. Centrica PLC has a 1-year low of GBX 182.50 and a 1-year high of GBX 248.39.
In other Centrica PLC news, insider Valle,Margherita D. purchased 842 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was purchased at an average cost of GBX 236 ($2.92) per share, with a total value of £1,987.12 ($2,461.44). Also, insider Stephen Pusey purchased 1,079 shares of the stock in a transaction that occurred on Tuesday, October 25th. The stock was acquired at an average cost of GBX 216 ($2.68) per share, with a total value of £2,330.64 ($2,886.96).
About Centrica PLC
Centrica plc is an integrated energy company. The Company operates through three segments: International Downstream, International Upstream and Centrica Storage. It offers Hive Active Heating 2, which is an advancement of its smart thermostat. The International Downstream segment includes the operations of British Gas, Direct Energy and Bord Gais Energy.
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