Centrica PLC (CNA) Receives “Underperform” Rating from Jefferies Group
Centrica PLC (LON:CNA)‘s stock had its “underperform” rating reaffirmed by investment analysts at Jefferies Group in a research report issued to clients and investors on Thursday. They currently have a GBX 190 ($2.36) target price on the integrated energy company’s stock. Jefferies Group’s price target would indicate a potential downside of 9.65% from the stock’s current price.
Several other research analysts have also recently issued reports on the stock. BNP Paribas reiterated a “neutral” rating and issued a GBX 240 ($2.98) price objective on shares of Centrica PLC in a report on Friday, November 11th. Citigroup Inc. cut shares of Centrica PLC to a “sell” rating and set a GBX 175 ($2.17) target price for the company. in a report on Wednesday, November 16th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 250 ($3.10) target price on shares of Centrica PLC in a report on Wednesday, November 2nd. Goldman Sachs Group Inc. restated a “sell” rating and set a GBX 213 ($2.64) target price on shares of Centrica PLC in a report on Monday, November 14th. Finally, Berenberg Bank raised their target price on shares of Centrica PLC from GBX 230 ($2.85) to GBX 240 ($2.98) and gave the stock a “buy” rating in a report on Monday, November 7th. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 228.79 ($2.84).
Shares of Centrica PLC (LON:CNA) opened at 210.30 on Thursday. The stock’s 50 day moving average price is GBX 209.37 and its 200-day moving average price is GBX 219.68. Centrica PLC has a 12-month low of GBX 182.50 and a 12-month high of GBX 248.39. The firm’s market capitalization is GBX 10.87 billion.
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In other Centrica PLC news, insider Ian Meakins bought 891 shares of the firm’s stock in a transaction dated Monday, September 26th. The shares were acquired at an average cost of GBX 226 ($2.80) per share, for a total transaction of £2,013.66 ($2,498.03). Also, insider Stephen Pusey bought 1,079 shares of the firm’s stock in a transaction dated Tuesday, October 25th. The shares were acquired at an average price of GBX 216 ($2.68) per share, for a total transaction of £2,330.64 ($2,891.25).
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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