Centrica PLC’s (CNA) Neutral Rating Reaffirmed at Credit Suisse Group
Centrica PLC (LON:CNA)‘s stock had its “neutral” rating restated by Credit Suisse Group in a research note issued on Wednesday. They presently have a GBX 225 ($2.96) target price on the integrated energy company’s stock. Credit Suisse Group’s price target points to a potential upside of 32.67% from the company’s previous close.
CNA has been the subject of several other reports. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 160 ($2.10) price objective on shares of Centrica PLC in a research report on Tuesday, July 18th. HSBC Holdings plc reiterated a “hold” rating and issued a GBX 202 ($2.66) price objective on shares of Centrica PLC in a research report on Monday, August 7th. Jefferies Group LLC upgraded Centrica PLC to a “hold” rating and set a GBX 190 ($2.50) price objective for the company in a research report on Thursday, August 31st. BNP Paribas reiterated a “neutral” rating and issued a GBX 210 ($2.76) price objective on shares of Centrica PLC in a research report on Friday, July 21st. Finally, Investec reiterated a “sell” rating and issued a GBX 180 ($2.37) price objective on shares of Centrica PLC in a research report on Thursday, August 3rd. Five 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’s stock. Centrica PLC presently has a consensus rating of “Hold” and an average price target of GBX 206 ($2.71).
Centrica PLC (LON:CNA) opened at GBX 169.60 ($2.23) on Wednesday. Centrica PLC has a 12-month low of GBX 119.71 ($1.57) and a 12-month high of GBX 236.90 ($3.12).
In other news, insider Stephen Pusey acquired 1,142 shares of the stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of GBX 205 ($2.70) per share, for a total transaction of £2,341.10 ($3,079.18). Also, insider Iain C. Conn acquired 100,000 shares of the stock in a transaction on Monday, October 9th. The shares were purchased at an average price of GBX 173 ($2.28) per share, for a total transaction of £173,000 ($227,541.76). In the last 90 days, insiders purchased 103,580 shares of company stock worth $17,975,544.
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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