Centrica (CNA) Rating Reiterated by Citigroup

Centrica (LON:CNA)‘s stock had its “neutral” rating reaffirmed by stock analysts at Citigroup in a report issued on Friday. They currently have a GBX 145 ($1.94) price objective on the integrated energy company’s stock. Citigroup’s target price suggests a potential upside of 0.42% from the stock’s current price.

CNA has been the topic of several other reports. Deutsche Bank reiterated a “sell” rating and set a GBX 160 ($2.14) price objective on shares of Centrica in a research report on Friday, August 18th. Investec reaffirmed a “sell” rating and set a GBX 180 ($2.41) price objective on shares of Centrica in a research note on Thursday, August 3rd. reaffirmed a “hold” rating and set a GBX 202 ($2.71) price objective on shares of Centrica in a research note on Monday, August 7th. Jefferies Group upgraded shares of Centrica to a “hold” rating and set a GBX 190 ($2.54) target price on the stock in a report on Thursday, August 31st. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a GBX 225 ($3.01) target price on shares of Centrica in a report on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 196.12 ($2.63).

Centrica (CNA) opened at GBX 144.40 ($1.93) on Friday. Centrica has a 12-month low of GBX 119.71 ($1.60) and a 12-month high of GBX 236.90 ($3.17).

In other news, insider Margherita D. Valle bought 1,152 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were purchased at an average price of GBX 172 ($2.30) per share, for a total transaction of £1,981.44 ($2,653.60). Also, insider Iain C. Conn bought 100,000 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was purchased at an average price of GBX 173 ($2.32) per share, for a total transaction of £173,000 ($231,686.09). Over the last three months, insiders bought 103,881 shares of company stock worth $17,939,125.

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Centrica 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.

Analyst Recommendations for Centrica (LON:CNA)

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