Deutsche Bank Reiterates Sell Rating for Centrica (CNA)
Centrica (LON:CNA)‘s stock had its “sell” rating reaffirmed by research analysts at Deutsche Bank in a note issued to investors on Friday. They presently have a GBX 125 ($1.70) price objective on the integrated energy company’s stock. Deutsche Bank’s price objective points to a potential downside of 12.68% from the stock’s current price.
Several other research firms also recently weighed in on CNA. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 225 ($3.05) target price on shares of Centrica in a research report on Friday, September 22nd. dropped their target price on Centrica from GBX 202 ($2.74) to GBX 190 ($2.58) and set a “hold” rating for the company in a research report on Thursday, October 5th. Kepler Capital Markets raised Centrica to a “buy” rating and set a GBX 190 ($2.58) target price for the company in a research report on Thursday, November 16th. Macquarie reaffirmed a “neutral” rating and issued a GBX 180 ($2.44) target price on shares of Centrica in a research report on Thursday, October 26th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 205 ($2.78) target price on shares of Centrica in a research report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. Centrica has an average rating of “Hold” and an average price target of GBX 187.59 ($2.54).
Centrica (CNA) opened at GBX 143.15 ($1.94) on Friday. The firm has a market capitalization of $8,020.00 and a PE ratio of 1,431.50. Centrica has a 52-week low of GBX 119.71 ($1.62) and a 52-week high of GBX 236.50 ($3.21).
WARNING: This article was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2018/01/14/deutsche-bank-reiterates-sell-rating-for-centrica-cna.html.
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.
Receive News & Ratings for Centrica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrica and related companies with MarketBeat.com's FREE daily email newsletter.