Deutsche Bank Reaffirms Sell Rating for Centrica (CNA)

Centrica (LON:CNA)‘s stock had its “sell” rating reiterated by equities researchers at Deutsche Bank in a research note issued to investors on Friday. They presently have a GBX 125 ($1.70) price objective on the integrated energy company’s stock. Deutsche Bank’s price target points to a potential downside of 12.53% from the company’s current price.

A number of other analysts also recently weighed in on CNA. Credit Suisse Group raised shares of Centrica to an “outperform” rating and set a GBX 170 ($2.31) price target for the company in a report on Friday, January 5th. reaffirmed a “hold” rating and set a GBX 190 ($2.58) price objective on shares of Centrica in a report on Monday, October 16th. Royal Bank of Canada reduced their price objective on shares of Centrica from GBX 210 ($2.85) to GBX 150 ($2.03) and set a “sector performer” rating for the company in a report on Tuesday, November 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 150 ($2.03) price objective on shares of Centrica in a report on Thursday, December 7th. Finally, Jefferies Group reduced their price objective on shares of Centrica from GBX 190 ($2.58) to GBX 155 ($2.10) and set a “hold” rating for the company in a report on Friday, December 8th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. Centrica has a consensus rating of “Hold” and an average price target of GBX 187.59 ($2.54).

Shares of Centrica (CNA) opened at GBX 142.90 ($1.94) on Friday. Centrica has a 1-year low of GBX 119.71 ($1.62) and a 1-year high of GBX 236.50 ($3.21). The firm has a market cap of $8,000.00 and a price-to-earnings ratio of 1,429.00.

In other Centrica news, insider Margherita D. Valle bought 1,443 shares of Centrica stock in a transaction dated Monday, November 27th. The shares were bought at an average price of GBX 137 ($1.86) per share, with a total value of £1,976.91 ($2,680.92). Also, insider Iain C. Conn bought 100,000 shares of Centrica stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average cost of GBX 145 ($1.97) per share, for a total transaction of £145,000 ($196,636.83). Insiders acquired a total of 104,334 shares of company stock valued at $15,139,536 in the last 90 days.

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Centrica 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 (LON:CNA)

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