Centrica PLC (CNA) Receives “Neutral” Rating from Credit Suisse Group
Centrica PLC (LON:CNA)‘s stock had its “neutral” rating reaffirmed by equities researchers at Credit Suisse Group in a research report issued on Friday. They presently have a GBX 225 ($3.03) price target on the integrated energy company’s stock. Credit Suisse Group’s target price would suggest a potential upside of 20.13% from the company’s previous close.
Several other equities research analysts also recently commented on CNA. Deutsche Bank AG restated a “sell” rating on shares of Centrica PLC in a report on Friday, May 26th. Berenberg Bank reiterated a “buy” rating and set a GBX 240 ($3.24) price target on shares of Centrica PLC in a report on Monday, June 5th. Morgan Stanley decreased their price target on Centrica PLC from GBX 215 ($2.90) to GBX 200 ($2.70) and set an “equal weight” rating for the company in a report on Wednesday, June 7th. Barclays PLC boosted their price objective on Centrica PLC from GBX 195 ($2.63) to GBX 215 ($2.90) and gave the stock an “equal weight” rating in a research report on Monday, June 12th. Finally, HSBC Holdings plc cut their price objective on Centrica PLC from GBX 200 ($2.70) to GBX 187 ($2.52) and set a “reduce” rating on the stock in a research report on Wednesday, June 14th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 209.06 ($2.82).
Shares of Centrica PLC (CNA) traded up 0.05% during trading on Friday, hitting GBX 187.40. 4,706,408 shares of the stock traded hands. Centrica PLC has a 52 week low of GBX 119.71 and a 52 week high of GBX 236.90. The firm’s market cap is GBX 10.28 billion. The company has a 50-day moving average of GBX 197.45 and a 200-day moving average of GBX 204.66.
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In other Centrica PLC news, insider Margherita D. Valle bought 946 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were acquired at an average cost of GBX 209 ($2.82) per share, for a total transaction of £1,977.14 ($2,665.69). Also, insider Stephen Pusey bought 1,142 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of GBX 205 ($2.76) per share, for a total transaction of £2,341.10 ($3,156.40). Insiders have purchased a total of 3,287 shares of company stock worth $675,144 in the last three months.
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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