Centrica PLC Price Target Cut to GBX 300 (CNA)
Investment analysts at Deutsche Bank decreased their price objective on shares of Centrica PLC (LON:CNA) from GBX 315 ($5.28) to GBX 300 ($5.03) in a note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price would suggest a potential downside of 4.58% from the stock’s previous close.
Shares of Centrica PLC (LON:CNA) traded down 1.26% during mid-day trading on Tuesday, hitting GBX 314.40. 35,697,752 shares of the company’s stock traded hands. Centrica PLC has a 52 week low of GBX 302.50 and a 52 week high of GBX 403.20. The stock has a 50-day moving average of GBX 323.1 and a 200-day moving average of GBX 354.1. The company’s market cap is £16.289 billion.
CNA has been the subject of a number of other recent research reports. Analysts at Goldman Sachs cut their price target on shares of Centrica PLC from GBX 423 ($7.09) to GBX 381 ($6.39) in a research note on Wednesday, February 12th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Centrica PLC in a research note on Monday, February 10th. They now have a GBX 360 ($6.03) price target on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of Centrica PLC in a research note on Monday, February 3rd. They now have a GBX 315 ($5.28) price target on the stock. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 359.98 ($6.03).
Centrica plc is an integrated energy company. Company operates in four segments: British Gas, Centrica Energy, Centrica Storage and Direct Energy.
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