Centrica PLC (CNA) Stock Rating Reaffirmed by Credit Suisse Group
Centrica PLC (LON:CNA)‘s stock had its “neutral” rating restated by research analysts at Credit Suisse Group in a report issued on Thursday. They presently have a GBX 225 ($2.98) price objective on the integrated energy company’s stock. Credit Suisse Group’s target price would suggest a potential upside of 28.94% from the stock’s current price.
Several other equities analysts have also commented on CNA. HSBC Holdings plc dropped their target price on Centrica PLC from GBX 202 ($2.68) to GBX 190 ($2.52) and set a “hold” rating for the company in a research note on Thursday. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 160 ($2.12) target price on shares of Centrica PLC in a research note on Friday, August 18th. Morgan Stanley dropped their target price on Centrica PLC from GBX 215 ($2.85) to GBX 200 ($2.65) and set an “equal weight” rating for the company in a research note on Wednesday, June 7th. Barclays PLC upped their target price on Centrica PLC from GBX 195 ($2.59) to GBX 215 ($2.85) and gave the company an “equal weight” rating in a research note on Monday, June 12th. Finally, Investec reiterated a “sell” rating and issued a GBX 180 ($2.39) target price on shares of Centrica PLC in a research note on Thursday, August 3rd. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 208.35 ($2.76).
Shares of Centrica PLC (CNA) opened at 174.50 on Thursday. Centrica PLC has a 52 week low of GBX 119.71 and a 52 week high of GBX 236.90. The firm’s market capitalization is GBX 9.57 billion. The firm has a 50 day moving average price of GBX 192.60 and a 200-day moving average price of GBX 201.67.
In other Centrica PLC news, insider Stephen Pusey bought 1,142 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of GBX 205 ($2.72) per share, for a total transaction of £2,341.10 ($3,105.32). Also, insider Margherita D. Valle bought 977 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was acquired at an average price of GBX 203 ($2.69) per share, for a total transaction of £1,983.31 ($2,630.73). Insiders have bought a total of 3,389 shares of company stock worth $675,598 over the last quarter.
Centrica PLC Company Profile
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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