Centrica Receives Underperform Rating from Credit Suisse (CNA)
Centrica (LON:CNA)‘s stock had its “underperform” rating restated by investment analysts at Credit Suisse in a note issued to investors on Friday, AnalystRatings.NET reports. They currently have a GBX 320 ($5.11) price target on the stock. Credit Suisse’s target price points to a potential downside of 11.77% from the stock’s previous close.
CNA has been the subject of a number of other recent research reports. Analysts at AlphaValue reiterated an “add” rating on shares of Centrica in a research note to investors on Thursday. They now have a GBX 439 ($7.01) price target on the stock. Separately, analysts at HSBC downgraded shares of Centrica from an “overweight” rating to a “neutral” rating in a research note to investors on Monday. They now have a GBX 400 ($6.39) price target on the stock, down previously from GBX 440 ($7.02). Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Centrica in a research note to investors on Monday, October 7th. They now have a GBX 390 ($6.23) price target on the stock. Five analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Centrica presently has an average rating of “Hold” and a consensus price target of GBX 385.96 ($6.16).
Shares of Centrica (LON:CNA) traded down 0.44% on Friday, hitting GBX 362.70. The stock had a trading volume of 12,386,576 shares. Centrica has a 52-week low of GBX 308.80 and a 52-week high of GBX 403.20. The stock’s 50-day moving average is GBX 391.8 and its 200-day moving average is GBX 377.4. The company’s market cap is £18.791 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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