Centrica Given “Underperform” Rating at Bank of America Corp. (CNA)
Centrica (LON:CNA)‘s stock had its “underperform” rating reiterated by equities research analysts at Bank of America Corp. in a research note issued to investors on Thursday, StockRatingsNetwork reports. They currently have a GBX 320 ($5.13) price objective on the stock. Bank of America Corp.’s target price points to a potential downside of 12.57% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Raymond James reiterated an “underperform” rating on shares of Centrica (LON:CNA) in a research note to investors on Wednesday. They now have a GBX 347 ($5.56) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Centrica (LON:CNA) in a research note to investors on Wednesday. They now have a GBX 390 ($6.25) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Centrica (LON:CNA) in a research note to investors on Friday, September 13th. They now have a GBX 430 ($6.89) price target on the stock. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 386.46 ($6.19).
Centrica (LON:CNA) traded down 2.56% on Thursday, hitting GBX 366.00. The stock had a trading volume of 18,397,980 shares. Centrica has a 52-week low of GBX 308.80 and a 52-week high of GBX 403.20. The stock has a 50-day moving average of GBX 391.8 and a 200-day moving average of GBX 377.4. The company’s market cap is £18.962 billion.
Centrica plc is an integrated energy company. The Company operates in four segments: Downstream UK, Upstream UK, Storage UK and North America.
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