BNP Paribas Reaffirms Neutral Rating for Centrica PLC (CNA)
Centrica PLC (LON:CNA)‘s stock had its “neutral” rating reaffirmed by analysts at BNP Paribas in a report issued on Tuesday. They currently have a GBX 240 ($2.98) price target on the integrated energy company’s stock. BNP Paribas’ price target would suggest a potential upside of 17.98% from the stock’s previous close.
Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 250 ($3.10) target price on shares of Centrica PLC in a research note on Wednesday, November 2nd. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 210 ($2.61) price target on shares of Centrica PLC in a research note on Tuesday, August 16th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 230 ($2.85) price target on shares of Centrica PLC in a research note on Friday, August 12th. Jefferies Group cut shares of Centrica PLC to an “underperform” rating and decreased their price target for the stock from GBX 235 ($2.92) to GBX 190 ($2.36) in a research note on Thursday, September 22nd. Finally, Barclays PLC raised their price target on shares of Centrica PLC from GBX 240 ($2.98) to GBX 245 ($3.04) and gave the stock an “equal weight” rating in a research note on Friday, August 19th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 228.79 ($2.84).
Centrica PLC (LON:CNA) opened at 211.10 on Tuesday. Centrica PLC has a 1-year low of GBX 182.50 and a 1-year high of GBX 248.39. The firm’s market capitalization is GBX 10.91 billion. The company’s 50-day moving average is GBX 209.37 and its 200 day moving average is GBX 219.68.
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In other Centrica PLC news, insider Ian Meakins bought 891 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were purchased at an average price of GBX 226 ($2.80) per share, for a total transaction of £2,013.66 ($2,498.03). Also, insider Stephen Pusey bought 1,151 shares of the firm’s stock in a transaction on Friday, November 25th. The stock was acquired at an average price of GBX 203 ($2.52) per share, for a total transaction of £2,336.53 ($2,898.56).
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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