Centrica PLC (LON:CNA) had its price objective reduced by research analysts at HSBC Holdings plc from GBX 202 ($2.68) to GBX 190 ($2.52) in a report issued on Thursday. The brokerage presently has a “hold” rating on the integrated energy company’s stock. HSBC Holdings plc’s price objective points to a potential upside of 5.97% from the company’s current price.

A number of other research analysts have also weighed in on CNA. Morgan Stanley decreased their target price on Centrica PLC from GBX 215 ($2.85) to GBX 200 ($2.65) and set an “equal weight” rating on the stock in a report on Wednesday, June 7th. Deutsche Bank AG reissued a “sell” rating and set a GBX 160 ($2.12) target price on shares of Centrica PLC in a report on Thursday, June 8th. Barclays PLC boosted their target price on Centrica PLC from GBX 195 ($2.59) to GBX 215 ($2.85) and gave the stock an “equal weight” rating in a report on Monday, June 12th. J P Morgan Chase & Co reissued an “underweight” rating and set a GBX 180 ($2.39) target price on shares of Centrica PLC in a report on Wednesday, June 21st. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a GBX 174 ($2.31) target price on shares of Centrica PLC in a report on Thursday, June 22nd. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 208.35 ($2.76).

Shares of Centrica PLC (LON CNA) opened at 179.30 on Thursday. The stock has a 50 day moving average price of GBX 193.85 and a 200 day moving average price of GBX 202.03. Centrica PLC has a 52-week low of GBX 119.71 and a 52-week high of GBX 236.90. The company’s market capitalization is GBX 9.83 billion.

ILLEGAL ACTIVITY NOTICE: “HSBC Holdings plc Trims Centrica PLC (CNA) Target Price to GBX 190” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://www.thecerbatgem.com/2017/10/05/hsbc-holdings-plc-trims-centrica-plc-cna-target-price-to-gbx-190.html.

In other Centrica PLC news, insider Margherita D. Valle acquired 1,043 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was acquired at an average cost of GBX 190 ($2.52) per share, for a total transaction of £1,981.70 ($2,628.60). Also, insider Stephen Pusey acquired 1,142 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average price of GBX 205 ($2.72) per share, with a total value of £2,341.10 ($3,105.32). Over the last quarter, insiders have bought 3,389 shares of company stock valued at $675,598.

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.

Analyst Recommendations for Centrica PLC (LON:CNA)

Receive News & Stock Ratings for Centrica PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrica PLC and related stocks with our FREE daily email newsletter.