Centrica (CNA) Lowered to “Neutral” at UBS Group

UBS Group lowered shares of Centrica (LON:CNA) to a neutral rating in a research report sent to investors on Wednesday, investing.thisismoney.co.uk reports. They currently have GBX 135 ($1.76) target price on the integrated energy company’s stock, down from their prior target price of GBX 165 ($2.16).

CNA has been the topic of several other reports. Goldman Sachs Group dropped their price target on Centrica from GBX 176 ($2.30) to GBX 174 ($2.27) and set a buy rating on the stock in a research note on Monday, November 19th. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 190 ($2.48) price target (down previously from GBX 200 ($2.61)) on shares of Centrica in a research note on Thursday, November 22nd. Credit Suisse Group reiterated an outperform rating and set a GBX 180 ($2.35) price target (down previously from GBX 185 ($2.42)) on shares of Centrica in a research note on Thursday, August 23rd. Deutsche Bank reiterated a sell rating on shares of Centrica in a research note on Friday, September 7th. Finally, Kepler Capital Markets reiterated a buy rating on shares of Centrica in a research note on Friday, September 28th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 158.42 ($2.07).

Shares of CNA stock opened at GBX 136.25 ($1.78) on Wednesday. Centrica has a 1-year low of GBX 119.71 ($1.56) and a 1-year high of GBX 221 ($2.89).

In other news, insider Margherita D. Valle purchased 1,323 shares of the company’s stock in a transaction on Thursday, October 25th. The shares were acquired at an average price of GBX 149 ($1.95) per share, for a total transaction of £1,971.27 ($2,575.81). In the last quarter, insiders have acquired 2,872 shares of company stock worth $425,523.

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.

Further Reading: Closed-End Mutual Funds (CEFs)

Analyst Recommendations for Centrica (LON:CNA)

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