HSBC Holdings plc Reiterates “Hold” Rating for Centrica PLC (LON:CNA)
Centrica PLC (LON:CNA)‘s stock had its “hold” rating reiterated by stock analysts at HSBC Holdings plc in a report released on Monday. They presently have a GBX 202 ($2.63) target price on the integrated energy company’s stock. HSBC Holdings plc’s price objective would indicate a potential upside of 2.49% from the company’s previous close.
Other research analysts have also issued research reports about the company. UBS AG lowered Centrica PLC to a “neutral” rating and cut their price objective for the company from GBX 255 ($3.32) to GBX 215 ($2.80) in a research report on Monday, April 24th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a GBX 174 ($2.27) price objective on shares of Centrica PLC in a research report on Thursday, June 22nd. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 180 ($2.34) price objective on shares of Centrica PLC in a research report on Wednesday, June 21st. Deutsche Bank AG restated a “sell” rating and set a GBX 160 ($2.08) price objective on shares of Centrica PLC in a research report on Thursday, June 8th. Finally, Barclays PLC raised their price objective on Centrica PLC from GBX 195 ($2.54) to GBX 215 ($2.80) and gave the company an “equal weight” rating in a research report on Monday, June 12th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 209.39 ($2.73).
Shares of Centrica PLC (LON:CNA) opened at 195.00 on Monday. The stock’s market capitalization is GBX 10.69 billion. The firm has a 50-day moving average price of GBX 203.74 and a 200-day moving average price of GBX 211.43. Centrica PLC has a 52-week low of GBX 119.71 and a 52-week high of GBX 239.40.
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In related news, insider Margherita D. Valle purchased 946 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was purchased at an average price of GBX 209 ($2.72) per share, with a total value of £1,977.14 ($2,574.74). Insiders have bought 3,107 shares of company stock valued at $639,434 in the last ninety days.
About Centrica PLC
Centrica plc is an energy and services company. The Company’s segments include Energy Supply & Services-UK & Ireland, Energy Supply & Services-North America, Connected Home, Distributed Energy & Power, Energy Marketing & Trading, Exploration & Production, Central Power Generation and Centrica Storage.
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