Jefferies Group Cuts Centrica (CNA) Price Target to GBX 155
Centrica (LON:CNA) had its price objective lowered by Jefferies Group from GBX 190 ($2.56) to GBX 155 ($2.09) in a research report released on Friday. The brokerage currently has a hold rating on the integrated energy company’s stock.
Other equities analysts have also issued reports about the company. restated a hold rating and issued a GBX 190 ($2.56) target price on shares of Centrica in a research note on Monday, October 16th. Deutsche Bank restated a sell rating and issued a GBX 160 ($2.15) target price on shares of Centrica in a research note on Thursday, October 12th. Credit Suisse Group reiterated a neutral rating and set a GBX 225 ($3.03) price objective on shares of Centrica in a research report on Friday, September 22nd. Kepler Capital Markets upgraded Centrica to a buy rating and set a GBX 190 ($2.56) price objective on the stock in a research report on Thursday, November 16th. Finally, Citigroup restated a neutral rating and set a GBX 145 ($1.95) price target on shares of Centrica in a research report on Friday, December 1st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 190.82 ($2.57).
Shares of Centrica (LON CNA) opened at GBX 142.08 ($1.91) on Friday. Centrica has a 1-year low of GBX 119.71 ($1.61) and a 1-year high of GBX 236.90 ($3.19).
In other Centrica news, insider Iain C. Conn bought 100,000 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were purchased at an average cost of GBX 173 ($2.33) per share, for a total transaction of £173,000 ($232,839.84). Also, insider Margherita D. Valle bought 1,443 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were acquired at an average price of GBX 137 ($1.84) per share, for a total transaction of £1,976.91 ($2,660.71). In the last 90 days, insiders have acquired 103,910 shares of company stock valued at $17,939,205.
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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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