Centrica PLC (CNA) Receives Equal weight Rating from Barclays PLC
Centrica PLC (LON:CNA)‘s stock had its “equal weight” rating reissued by Barclays PLC in a research report issued to clients and investors on Thursday. They currently have a GBX 245 ($3.06) price objective on the integrated energy company’s stock. Barclays PLC’s price target would suggest a potential upside of 20.75% from the company’s current price.
A number of other analysts have also recently weighed in on CNA. Credit Suisse Group AG increased 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 research report on Wednesday, July 27th. BNP Paribas restated a “neutral” rating and issued a GBX 240 ($3.00) target price on shares of Centrica PLC in a research report on Wednesday, July 27th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 250 ($3.12) target price on shares of Centrica PLC in a research report on Friday, July 29th. Deutsche Bank AG restated a “hold” rating and issued a GBX 190 ($2.37) target price on shares of Centrica PLC in a research report on Monday, August 1st. Finally, Numis Securities Ltd restated an “add” rating and issued a GBX 210 ($2.62) target price on shares of Centrica PLC in a research report on Tuesday, August 16th. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 228.79 ($2.86).
Centrica PLC (LON:CNA) opened at 202.90 on Thursday. Centrica PLC has a 12-month low of GBX 182.50 and a 12-month high of GBX 248.39. The stock has a 50 day moving average price of GBX 211.11 and a 200-day moving average price of GBX 219.92. The firm’s market capitalization is GBX 10.49 billion.
In other news, insider Stephen Pusey bought 1,079 shares of the business’s stock in a transaction dated Tuesday, October 25th. The stock was bought at an average price of GBX 216 ($2.70) per share, for a total transaction of £2,330.64 ($2,911.84). Also, insider Ian Meakins bought 891 shares of the business’s stock in a transaction dated Monday, September 26th. The stock was purchased at an average price 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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