Centrica (CNA) Raised to “Outperform” at Credit Suisse Group
Centrica (LON:CNA) was upgraded by equities researchers at Credit Suisse Group to an “outperform” rating in a report issued on Friday. The brokerage currently has a GBX 170 ($2.27) target price on the integrated energy company’s stock. Credit Suisse Group’s target price suggests a potential upside of 16.32% from the company’s previous close.
CNA has been the topic of a number of other reports. Deutsche Bank reiterated a “sell” rating and set a GBX 160 ($2.14) target price on shares of Centrica in a report on Thursday, October 12th. Royal Bank of Canada reduced their target price on shares of Centrica from GBX 210 ($2.81) to GBX 150 ($2.01) and set a “sector performer” rating on the stock in a report on Tuesday, November 28th. Kepler Capital Markets reiterated a “buy” rating and set a GBX 190 ($2.54) target price on shares of Centrica in a report on Thursday, November 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 205 ($2.74) target price on shares of Centrica in a report on Tuesday, November 21st. Finally, Citigroup restated a “neutral” rating and issued a GBX 145 ($1.94) price objective on shares of Centrica in a report on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Centrica has a consensus rating of “Hold” and a consensus target price of GBX 187.59 ($2.51).
Centrica (LON CNA) traded up GBX 4.35 ($0.06) during trading on Friday, reaching GBX 146.15 ($1.95). 29,395,936 shares of the company’s stock were exchanged, compared to its average volume of 24,660,000. The firm has a market cap of $8,180.00 and a price-to-earnings ratio of 1,461.50. Centrica has a 12 month low of GBX 119.71 ($1.60) and a 12 month high of GBX 236.50 ($3.16).
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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.
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