Deutsche Bank AG Reiterates Sell Rating for Centrica PLC (CNA)
Centrica PLC (LON:CNA)‘s stock had its “sell” rating reiterated by analysts at Deutsche Bank AG in a research report issued to clients and investors on Friday. They presently have a GBX 160 ($2.08) price target on the integrated energy company’s stock. Deutsche Bank AG’s price objective suggests a potential downside of 18.82% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. HSBC Holdings plc dropped their target price on Centrica PLC from GBX 200 ($2.60) to GBX 187 ($2.43) and set a “reduce” rating on the stock in a research report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a GBX 174 ($2.26) target price 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) target price on shares of Centrica PLC in a research report on Wednesday, June 21st. Barclays PLC increased their target price on Centrica PLC from GBX 195 ($2.53) to GBX 215 ($2.79) and gave the stock an “equal weight” rating in a research report on Monday, June 12th. Finally, Kepler Capital Markets restated a “reduce” rating and set a GBX 190 ($2.47) target price on shares of Centrica PLC in a research report on Monday, May 15th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 209.35 ($2.72).
Shares of Centrica PLC (CNA) opened at 197.10 on Friday. The firm has a 50-day moving average price of GBX 202.30 and a 200-day moving average price of GBX 209.19. The company’s market capitalization is GBX 10.81 billion. Centrica PLC has a 12 month low of GBX 119.71 and a 12 month high of GBX 239.12.
In other news, insider Stephen Pusey purchased 1,142 shares of the stock in a transaction on Thursday, August 17th. The shares were acquired at an average price of GBX 205 ($2.66) per share, for a total transaction of £2,341.10 ($3,039.21). Also, insider Margherita D. Valle purchased 977 shares of the stock in a transaction on Tuesday, July 25th. The shares were purchased at an average price of GBX 203 ($2.64) per share, for a total transaction of £1,983.31 ($2,574.72). Insiders have acquired 3,286 shares of company stock worth $675,166 in the last 90 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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