Centrica PLC (CNA) Stock Rating Reaffirmed by Deutsche Bank AG

Centrica PLC (LON:CNA)‘s stock had its “sell” rating reiterated by equities research analysts at Deutsche Bank AG in a research note issued to investors on Monday. They presently have a GBX 160 ($2.08) price objective on the integrated energy company’s stock. Deutsche Bank AG’s price objective indicates a potential downside of 20.83% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Beaufort Securities restated a “buy” rating on shares of Centrica PLC in a research report on Tuesday, May 9th. Berenberg Bank restated a “buy” rating and set a GBX 240 ($3.13) price objective on shares of Centrica PLC in a research report on Monday, June 5th. Morgan Stanley lowered their price objective on shares of Centrica PLC from GBX 215 ($2.80) to GBX 200 ($2.61) and set an “equal weight” rating on the stock in a research report on Wednesday, June 7th. Barclays PLC raised their price objective on shares of Centrica PLC from GBX 195 ($2.54) to GBX 215 ($2.80) and gave the company an “equal weight” rating in a research report on Monday, June 12th. Finally, HSBC Holdings plc upgraded shares of Centrica PLC to a “hold” rating and raised their price objective for the company from GBX 187 ($2.44) to GBX 202 ($2.63) in a research report on Thursday, June 22nd. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Centrica PLC currently has an average rating of “Hold” and an average target price of GBX 213.83 ($2.79).

Shares of Centrica PLC (LON CNA) opened at 203.10 on Monday. Centrica PLC has a 1-year low of GBX 119.71 and a 1-year high of GBX 248.39. The firm’s 50 day moving average is GBX 203.21 and its 200-day moving average is GBX 213.53. The company’s market cap is GBX 11.13 billion.

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In other Centrica PLC news, insider Margherita D. Valle purchased 963 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was bought at an average cost of GBX 206 ($2.68) per share, with a total value of £1,983.78 ($2,584.39). Over the last three months, insiders have purchased 2,132 shares of company stock valued at $441,284.

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.