Centrica PLC (CNA) Rating Reiterated by Goldman Sachs Group Inc.
Centrica PLC (LON:CNA)‘s stock had its “sell” rating reissued by research analysts at Goldman Sachs Group Inc. in a research note issued to investors on Monday. They currently have a GBX 213 ($2.66) price target on the integrated energy company’s stock. Goldman Sachs Group Inc.’s price objective would indicate a potential upside of 4.41% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. BNP Paribas restated a “neutral” rating and set a GBX 240 ($3.00) price target on shares of Centrica PLC in a report on Friday, November 11th. Berenberg Bank raised their price target on shares of Centrica PLC from GBX 230 ($2.87) to GBX 240 ($3.00) and gave the company a “buy” rating in a report on Monday, November 7th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 250 ($3.12) price target on shares of Centrica PLC in a report on Wednesday, November 2nd. Royal Bank Of Canada downgraded shares of Centrica PLC to a “sector performer” rating and cut their price target for the company from GBX 250 ($3.12) to GBX 240 ($3.00) in a report on Monday, October 3rd. Finally, Jefferies Group downgraded shares of Centrica PLC to an “underperform” rating and dropped their target price for the stock from GBX 235 ($2.94) to GBX 190 ($2.37) in a report on Thursday, September 22nd. Five analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 231.47 ($2.89).
Centrica PLC (LON:CNA) opened at 204.00 on Monday. The stock’s 50 day moving average is GBX 215.50 and its 200 day moving average is GBX 220.91. The company’s market cap is GBX 10.54 billion. Centrica PLC has a 12 month low of GBX 182.50 and a 12 month high of GBX 248.39.
In other news, insider Valle,Margherita D. acquired 842 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was purchased at an average price of GBX 236 ($2.95) per share, for a total transaction of £1,987.12 ($2,482.66). Also, insider Stephen Pusey acquired 1,079 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The shares were purchased at an average price of GBX 216 ($2.70) per share, with a total value of £2,330.64 ($2,911.84).
Centrica PLC Company Profile
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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