Centrica PLC (CNA) Receives Neutral Rating from J P Morgan Chase & Co
Centrica PLC (LON:CNA)‘s stock had its “neutral” rating restated by stock analysts at J P Morgan Chase & Co in a research report issued on Monday. They presently have a GBX 205 ($2.66) target price on the integrated energy company’s stock. J P Morgan Chase & Co’s price objective suggests a potential downside of 1.35% from the company’s previous close.
A number of other research firms have also recently issued reports on CNA. Morgan Stanley lowered their price objective on Centrica PLC from GBX 235 ($3.04) to GBX 215 ($2.78) and set an “equal weight” rating on the stock in a research report on Tuesday, March 14th. BNP Paribas restated a “neutral” rating and set a GBX 210 ($2.72) price objective on shares of Centrica PLC in a research report on Thursday, March 30th. Goldman Sachs Group, Inc. (The) lowered their price objective on Centrica PLC from GBX 218 ($2.82) to GBX 214 ($2.77) and set a “sell” rating on the stock in a research report on Wednesday, March 15th. Jefferies Group LLC restated an “underperform” rating and set a GBX 190 ($2.46) price objective on shares of Centrica PLC in a research report on Friday, March 17th. Finally, HSBC Holdings plc cut Centrica PLC to a “reduce” rating and lowered their price objective for the company from GBX 225 ($2.91) to GBX 200 ($2.59) in a research report on Friday, March 17th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Centrica PLC has an average rating of “Hold” and a consensus price target of GBX 213.76 ($2.77).
Shares of Centrica PLC (LON:CNA) traded down 0.53% during trading on Monday, reaching GBX 206.60. The company had a trading volume of 5,856,749 shares. The stock has a 50 day moving average price of GBX 201.04 and a 200 day moving average price of GBX 216.59. The firm’s market capitalization is GBX 11.32 billion. Centrica PLC has a 12 month low of GBX 119.71 and a 12 month high of GBX 248.39.
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In other news, insider Margherita D. Valle purchased 981 shares of the business’s stock in a transaction dated Tuesday, April 25th. The shares were acquired at an average price of GBX 202 ($2.62) per share, with a total value of £1,981.62 ($2,566.87). Insiders have bought 3,113 shares of company stock worth $639,446 in the last ninety days.
About Centrica PLC
Centrica plc is an energy and services company. The Company’s segments include Energy Supply & Services-UK & Ireland, Energy Supply & Services-North America, Connected Home, Distributed Energy & Power, Energy Marketing & Trading, Exploration & Production, Central Power Generation and Centrica Storage.
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