Centrica PLC’s (CNA) Sell Rating Reaffirmed at Deutsche Bank AG

Centrica PLC (LON:CNA)‘s stock had its “sell” rating reissued by investment analysts at Deutsche Bank AG in a report released on Thursday. They presently have a GBX 160 ($2.10) target price on the integrated energy company’s stock. Deutsche Bank AG’s price objective suggests a potential downside of 8.88% from the company’s current price.

CNA has been the subject of a number of other reports. HSBC Holdings plc reduced their price target on shares of Centrica PLC from GBX 200 ($2.63) to GBX 187 ($2.46) and set a “reduce” rating for the company in a research note on Wednesday, June 14th. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 225 ($2.96) price target on shares of Centrica PLC in a research note on Friday, September 22nd. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 205 ($2.70) target price on shares of Centrica PLC in a research note on Monday, July 10th. Jefferies Group LLC raised shares of Centrica PLC to a “hold” rating and set a GBX 190 ($2.50) target price for the company in a research note on Thursday, August 31st. Finally, BNP Paribas reissued a “neutral” rating and set a GBX 210 ($2.76) target price on shares of Centrica PLC in a research note on Friday, July 21st. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 208.35 ($2.74).

Centrica PLC (CNA) opened at 175.60 on Thursday. The stock’s 50 day moving average is GBX 190.40 and its 200-day moving average is GBX 200.64. The stock’s market capitalization is GBX 9.63 billion. Centrica PLC has a 52 week low of GBX 119.71 and a 52 week high of GBX 236.90.

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In related news, insider Margherita D. Valle acquired 1,043 shares of the company’s stock in a transaction on Monday, September 25th. The shares were purchased at an average price of GBX 190 ($2.50) per share, for a total transaction of £1,981.70 ($2,605.44). Also, insider Stephen Pusey acquired 1,142 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was bought at an average price of GBX 205 ($2.70) per share, for a total transaction of £2,341.10 ($3,077.96). In the last quarter, insiders acquired 103,389 shares of company stock worth $17,975,598.

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.

Analyst Recommendations for Centrica PLC (LON:CNA)

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