Centrica PLC (CNA) Receives Consensus Rating of “Hold” from Analysts
Centrica PLC (LON:CNA) has been assigned an average recommendation of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 209.39 ($2.76).
A number of analysts have recently weighed in on CNA shares. Morgan Stanley reduced their price target on shares of Centrica PLC from GBX 215 ($2.84) to GBX 200 ($2.64) and set an “equal weight” rating for the company in a research note on Wednesday, June 7th. Macquarie downgraded shares of Centrica PLC to a “neutral” rating and set a GBX 220 ($2.90) target price on the stock. in a report on Friday, April 21st. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 160 ($2.11) target price on shares of Centrica PLC in a report on Sunday, July 30th. Kepler Capital Markets reiterated a “reduce” rating and issued a GBX 190 ($2.51) target price on shares of Centrica PLC in a report on Monday, May 8th. Finally, HSBC Holdings plc upgraded shares of Centrica PLC to a “hold” rating and boosted their target price for the stock from GBX 187 ($2.47) to GBX 202 ($2.66) in a report on Thursday, June 22nd.
In related news, insider Margherita D. Valle acquired 946 shares of the company’s stock in a transaction on Monday, June 26th. The shares were purchased at an average price of GBX 209 ($2.76) per share, for a total transaction of £1,977.14 ($2,608.02). In the last quarter, insiders acquired 3,107 shares of company stock worth $639,434.
Centrica PLC (LON:CNA) opened at 199.70 on Friday. The firm has a 50-day moving average of GBX 203.87 and a 200-day moving average of GBX 212.29. Centrica PLC has a one year low of GBX 119.71 and a one year high of GBX 248.39. The stock’s market capitalization is GBX 10.95 billion.
Centrica PLC Company Profile
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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