Centrica Stock Rating Reaffirmed by Raymond James (CNA)
Centrica (LON:CNA)‘s stock had its “underperform” rating restated by research analysts at Raymond James in a report released on Friday, Stock Ratings Network.com reports. They currently have a GBX 347 ($5.54) target price on the stock. Raymond James’ target price would suggest a potential downside of 4.75% from the stock’s previous close.
Centrica (LON:CNA) opened at 363.90 on Friday. Centrica has a 1-year low of GBX 308.80 and a 1-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 £18.854 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Centrica in a research note to investors on Friday. They now have a GBX 320 ($5.11) price target on the stock. Separately, 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. Finally, 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). Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Centrica has a consensus rating of “Hold” and an average price target of GBX 385.96 ($6.16).
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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