Centrica PLC (CNA) Given Sell Rating at Deutsche Bank AG
Centrica PLC (LON:CNA)‘s stock had its “sell” rating restated by investment analysts at Deutsche Bank AG in a research note issued to investors on Friday. They currently have a GBX 160 ($2.08) price target on the integrated energy company’s stock. Deutsche Bank AG’s target price would suggest a potential downside of 20.63% from the stock’s current price.
A number of other research analysts have also issued reports on CNA. Macquarie lowered Centrica PLC to a “neutral” rating and set a GBX 220 ($2.86) price objective for the company. in a research report on Friday, April 21st. UBS AG lowered Centrica PLC to a “neutral” rating and reduced their price objective for the company from GBX 255 ($3.31) to GBX 215 ($2.79) in a research report on Monday, April 24th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a GBX 194 ($2.52) price objective (down previously from GBX 214 ($2.78)) on shares of Centrica PLC in a research report on Wednesday, April 26th. Citigroup Inc. restated a “sell” rating and set a GBX 178 ($2.31) price objective on shares of Centrica PLC in a research report on Thursday, May 4th. Finally, Kepler Capital Markets restated a “reduce” rating and set a GBX 190 ($2.47) price objective on shares of Centrica PLC in a research report on Monday, May 8th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 209.35 ($2.72).
Shares of Centrica PLC (LON:CNA) traded down 1.27% during midday trading on Friday, hitting GBX 201.60. The company had a trading volume of 10,983,657 shares. The stock’s 50-day moving average price is GBX 202.68 and its 200-day moving average price is GBX 210.19. Centrica PLC has a 12 month low of GBX 119.71 and a 12 month high of GBX 239.40. The company’s market cap is GBX 11.06 billion.
In related news, insider Margherita D. Valle bought 946 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were bought at an average cost of GBX 209 ($2.71) per share, with a total value of £1,977.14 ($2,566.71). Also, insider Stephen Pusey bought 1,142 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were bought at an average cost of GBX 205 ($2.66) per share, for a total transaction of £2,341.10 ($3,039.21). In the last 90 days, insiders bought 4,249 shares of company stock valued at $873,544.
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.
Receive News & Ratings for Centrica PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrica PLC and related companies with MarketBeat.com's FREE daily email newsletter.