Centrica PLC (LON:CNA) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 169.67 ($2.22).
CNA has been the topic of a number of research reports. Deutsche Bank reaffirmed a “sell” rating on shares of Centrica in a research note on Thursday, August 9th. Berenberg Bank reaffirmed a “buy” rating on shares of Centrica in a research note on Friday, October 26th. HSBC cut shares of Centrica to a “reduce” rating and boosted their target price for the stock from GBX 130 ($1.70) to GBX 142 ($1.86) in a research note on Friday, September 7th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Centrica in a research note on Monday, October 29th. Finally, Kepler Capital Markets reissued a “buy” rating on shares of Centrica in a research note on Friday, September 28th.
In related news, insider Jeff Bell sold 81,009 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of GBX 147 ($1.92), for a total value of £119,083.23 ($155,603.33). Also, insider Margherita D. Valle acquired 1,323 shares of Centrica stock in a transaction that occurred on Thursday, October 25th. The stock was acquired at an average cost of GBX 149 ($1.95) per share, for a total transaction of £1,971.27 ($2,575.81). In the last three months, insiders purchased 4,253 shares of company stock worth $623,636.
Shares of LON CNA traded down GBX 1.20 ($0.02) during midday trading on Monday, reaching GBX 145.10 ($1.90). 17,122,762 shares of the company were exchanged, compared to its average volume of 26,600,000. Centrica has a one year low of GBX 119.71 ($1.56) and a one year high of GBX 221 ($2.89).
Centrica (LON:CNA) last posted its earnings results on Tuesday, July 31st. The integrated energy company reported GBX 6.40 ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 9.80 ($0.13) by GBX (3.40) (($0.04)). Centrica had a return on equity of 21.95% and a net margin of 2.16%.
Centrica Company Profile
Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, Germany, Norway, rest of Europe, the United States, Canada, and internationally. The company operates through Centrica Consumer, Centrica Business, Exploration & Production, and Centrica Storage segments.
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