Centrica PLC (CNA) Upgraded to Hold at Jefferies Group LLC
Centrica PLC (LON:CNA) was upgraded by Jefferies Group LLC to a “hold” rating in a report released on Thursday. The brokerage presently has a GBX 190 ($2.46) price objective on the integrated energy company’s stock. Jefferies Group LLC’s target price points to a potential downside of 2.81% from the stock’s previous close.
CNA has been the topic of several other research reports. Deutsche Bank AG restated a “sell” rating and set a GBX 160 ($2.07) target price on shares of Centrica PLC in a research report on Thursday, June 8th. Citigroup Inc. restated a “sell” rating and set a GBX 178 ($2.30) target price on shares of Centrica PLC in a research report on Thursday, May 4th. HSBC Holdings plc dropped their target price on Centrica PLC from GBX 200 ($2.59) to GBX 187 ($2.42) 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 194 ($2.51) target price on shares of Centrica PLC in a research report on Tuesday, May 9th. Finally, J P Morgan Chase & Co downgraded Centrica PLC to an “underweight” rating and dropped their target price for the stock from GBX 265 ($3.43) to GBX 180 ($2.33) in a research report on Thursday, May 11th. Five analysts have rated the stock with a sell rating, ten have assigned 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 an average target price of GBX 209.35 ($2.71).
Shares of Centrica PLC (CNA) opened at 195.50 on Thursday. The stock’s 50 day moving average price is GBX 202.30 and its 200-day moving average price is GBX 209.19. The company’s market capitalization is GBX 10.72 billion. Centrica PLC has a 52-week low of GBX 119.71 and a 52-week high of GBX 239.12.
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In related news, insider Margherita D. Valle acquired 977 shares of Centrica PLC stock in a transaction dated Tuesday, July 25th. The shares were purchased at an average cost of GBX 203 ($2.63) per share, with a total value of £1,983.31 ($2,565.07). Also, insider Stephen Pusey acquired 1,142 shares of Centrica PLC stock in a transaction dated Thursday, August 17th. The shares were bought at an average cost of GBX 205 ($2.65) per share, for a total transaction of £2,341.10 ($3,027.81). Insiders have bought 3,212 shares of company stock worth $660,144 over 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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