Centrica Receives “Hold” Rating from Deutsche Bank (CNA)
Centrica (LON:CNA)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Tuesday, American Banking News.com reports. They currently have a GBX 315 ($5.17) price objective on the stock. Deutsche Bank’s target price would suggest a potential downside of 8.03% from the company’s current price.
Centrica (LON:CNA) traded down 1.02% on Tuesday, hitting GBX 338.99. The stock had a trading volume of 12,270,658 shares. Centrica has a one year low of GBX 320.60 and a one year high of GBX 403.20. The stock has a 50-day moving average of GBX 337.7 and a 200-day moving average of GBX 365.9. The company’s market cap is £17.563 billion.
A number of other firms have also recently commented on CNA. Analysts at Societe Generale downgraded shares of Centrica to a “hold” rating in a research note to investors on Friday, December 13th. They now have a GBX 315 ($5.17) price target on the stock, down previously from GBX 410 ($6.72). Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Centrica in a research note to investors on Tuesday, December 10th. They now have a GBX 300 ($4.92) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Centrica in a research note to investors on Friday, December 6th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Centrica has an average rating of “Hold” and a consensus target price of GBX 370.40 ($6.08).
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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