Centrica Given “Underperform” Rating at Credit Suisse (CNA)
Centrica (LON:CNA)‘s stock had its “underperform” rating reaffirmed by equities researchers at Credit Suisse in a research report issued on Thursday, Stock Ratings Network reports. They currently have a GBX 320 ($5.13) price target on the stock. Credit Suisse’s price objective would suggest a potential downside of 12.57% from the stock’s previous close.
Shares of Centrica (LON:CNA) traded down 2.56% on Thursday, hitting GBX 366.00. 18,397,980 shares of the company’s stock traded hands. Centrica has a one year low of GBX 308.80 and a one year 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.
A number of other firms have also recently commented on CNA. Analysts at Bank of America Corp. reiterated an “underperform” rating on shares of Centrica (LON:CNA) in a research note to investors on Thursday. They now have a GBX 320 ($5.13) price target on the stock. Separately, 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. Finally, 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. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 386.46 ($6.19).
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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