Deutsche Bank AG Reaffirms Sell Rating for Centrica PLC (CNA)
Centrica PLC (LON:CNA)‘s stock had its “sell” rating reaffirmed by analysts at Deutsche Bank AG in a research note issued to investors on Thursday.
Other equities research analysts have also issued reports about the company. HSBC Holdings plc dropped their price target on Centrica PLC from GBX 200 ($2.58) to GBX 187 ($2.42) and set a “reduce” rating on the stock in a research report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a GBX 174 ($2.25) target price on shares of Centrica PLC in a report on Thursday, June 22nd. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 205 ($2.65) target price on shares of Centrica PLC in a report on Monday, July 10th. Barclays PLC boosted their target price on Centrica PLC from GBX 195 ($2.52) to GBX 215 ($2.78) and gave the stock an “equal weight” rating in a report on Monday, June 12th. Finally, Kepler Capital Markets reissued a “reduce” rating and issued a GBX 190 ($2.45) target price on shares of Centrica PLC in a report on Monday, May 15th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Centrica PLC has a consensus rating of “Hold” and an average target price of GBX 209.35 ($2.70).
Shares of Centrica PLC (LON:CNA) traded down 0.66% during trading on Thursday, hitting GBX 194.30. The stock had a trading volume of 12,051,289 shares. Centrica PLC has a 52 week low of GBX 119.71 and a 52 week high of GBX 239.12. The stock’s market capitalization is GBX 2.52 billion. The firm has a 50 day moving average price of GBX 199.79 and a 200-day moving average price of GBX 206.82.
Centrica PLC (LON:CNA) last released its quarterly earnings results on Monday, July 31st. The integrated energy company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Centrica PLC had a net margin of 0.05% and a return on equity of 3.36%. On average, equities research analysts forecast that Centrica PLC will post $15.88 EPS for the current fiscal year.
In other news, insider Stephen Pusey acquired 1,142 shares of Centrica PLC stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average price of GBX 205 ($2.65) per share, for a total transaction of £2,341.10 ($3,023.51). Also, insider Margherita D. Valle acquired 946 shares of Centrica PLC stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average price of GBX 209 ($2.70) per share, with a total value of £1,977.14 ($2,553.45). In the last quarter, insiders have purchased 3,287 shares of company stock valued at $675,144.
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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