Centrica PLC (CNA) Stock Rating Lowered by Citigroup Inc.
Centrica PLC (LON:CNA) was downgraded by investment analysts at Citigroup Inc. to a “sell” rating in a report released on Wednesday. They currently have a GBX 175 ($2.19) price objective on the integrated energy company’s stock. Citigroup Inc.’s price objective points to a potential downside of 14.22% from the stock’s previous close.
A number of other research firms have also recently weighed in on CNA. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 250 ($3.12) price target on shares of Centrica PLC in a report on Friday, July 29th. Credit Suisse Group AG boosted their price target on Centrica PLC from GBX 260 ($3.25) to GBX 270 ($3.37) and gave the stock an “outperform” rating in a report on Wednesday, July 27th. BNP Paribas reissued a “neutral” rating and issued a GBX 240 ($3.00) price target on shares of Centrica PLC in a report on Wednesday, July 27th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 190 ($2.37) price target on shares of Centrica PLC in a report on Monday, August 1st. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 230 ($2.87) price objective on shares of Centrica PLC in a report on Wednesday, July 20th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 228.79 ($2.86).
Centrica PLC (LON:CNA) opened at 200.10 on Wednesday. The stock’s market cap is GBX 10.34 billion. Centrica PLC has a 1-year low of GBX 182.50 and a 1-year high of GBX 248.39. The firm has a 50-day moving average of GBX 215.50 and a 200-day moving average of GBX 220.91.
In related news, insider Stephen Pusey acquired 1,079 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The stock was acquired at an average price of GBX 216 ($2.70) per share, with a total value of £2,330.64 ($2,911.84). Also, insider Ian Meakins acquired 891 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The stock was bought at an average cost of GBX 226 ($2.82) per share, with a total value of £2,013.66 ($2,515.82).
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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