HSBC Holdings plc Trims Centrica PLC (CNA) Target Price to GBX 190
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.
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.
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