Morgan Stanley Reiterates “Underweight” Rating for Centrica (CNA)

Centrica (LON:CNA)‘s stock had its “underweight” rating reaffirmed by analysts at Morgan Stanley in a research note issued to investors on Monday.

A number of other equities analysts have also weighed in on the stock. Deutsche Bank decreased their price objective on shares of Centrica from GBX 136 ($1.78) to GBX 116 ($1.52) and set a “sell” rating for the company in a report on Monday. UBS Group lowered shares of Centrica to a “neutral” rating and decreased their price objective for the stock from GBX 165 ($2.16) to GBX 135 ($1.76) in a report on Wednesday, December 5th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 190 ($2.48) price objective (down from GBX 200 ($2.61)) on shares of Centrica in a report on Thursday, November 22nd. Goldman Sachs Group decreased their target price on shares of Centrica from GBX 176 ($2.30) to GBX 174 ($2.27) and set a “buy” rating for the company in a research note on Monday, November 19th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 180 ($2.35) target price on shares of Centrica in a research note on Monday, October 29th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. Centrica currently has a consensus rating of “Hold” and a consensus price target of GBX 156.83 ($2.05).

Shares of LON CNA opened at GBX 135.30 ($1.77) on Monday. Centrica has a twelve month low of GBX 119.71 ($1.56) and a twelve month high of GBX 221 ($2.89).

In related news, insider Margherita D. Valle bought 1,340 shares of the firm’s stock in a transaction on Tuesday, September 25th. The stock was acquired at an average cost of GBX 148 ($1.93) per share, for a total transaction of £1,983.20 ($2,591.40). Over the last quarter, insiders have acquired 2,872 shares of company stock valued at $425,523.

About Centrica

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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Analyst Recommendations for Centrica (LON:CNA)

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