Centrica PLC Price Target Cut to GBX 310 by Analysts at Citigroup Inc. (CNA)
Equities research analysts at Citigroup Inc. reduced their price target on shares of Centrica PLC (LON:CNA) from GBX 340 ($5.79) to GBX 310 ($5.28) in a research note issued to investors on Tuesday. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price objective points to a potential downside of 2.64% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of Centrica PLC from GBX 359 ($6.11) to GBX 393 ($6.69) in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at BNP Paribas reiterated an “underperform” rating on shares of Centrica PLC in a research note on Monday. They now have a GBX 310 ($5.28) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Centrica PLC in a research note on Wednesday, June 18th. They now have a GBX 300 ($5.11) price target on the stock. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Centrica PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 348.81 ($5.94).
Centrica PLC (LON:CNA) traded down 0.19% on Tuesday, hitting GBX 318.40. The stock had a trading volume of 6,625,943 shares. Centrica PLC has a 52 week low of GBX 302.50 and a 52 week high of GBX 403.20. The stock’s 50-day moving average is GBX 327.2 and its 200-day moving average is GBX 327.8. The company’s market cap is £16.157 billion.
Centrica plc is an integrated energy company. Company operates in four segments: British Gas, Centrica Energy, Centrica Storage and Direct Energy.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.