Deutsche Bank Reiterates “Sell” Rating for Centrica (LON:CNA)

Centrica (LON:CNA)‘s stock had its “sell” rating restated by investment analysts at Deutsche Bank in a research note issued on Friday, January 12th. They currently have a GBX 125 ($1.70) price objective on the integrated energy company’s stock. Deutsche Bank’s target price would indicate a potential downside of 11.35% from the stock’s current price.

A number of other research firms have also weighed in on CNA. Credit Suisse Group restated a “neutral” rating and set a GBX 225 ($3.05) price target on shares of Centrica in a research note on Friday, September 22nd. dropped their price objective on Centrica from GBX 202 ($2.74) to GBX 190 ($2.58) and set a “hold” rating on the stock in a research report on Thursday, October 5th. Kepler Capital Markets raised Centrica to a “buy” rating and set a GBX 190 ($2.58) price target for the company in a report on Thursday, November 16th. Macquarie reissued a “neutral” rating and issued a GBX 180 ($2.44) price target on shares of Centrica in a report on Thursday, October 26th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 205 ($2.78) target price on shares of Centrica in a report on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Centrica currently has a consensus rating of “Hold” and an average price target of GBX 187.59 ($2.54).

Centrica (CNA) opened at GBX 141 ($1.91) on Friday. The firm has a market capitalization of $7,900.00 and a P/E ratio of 1,410.00. Centrica has a 52 week low of GBX 119.71 ($1.62) and a 52 week high of GBX 236.50 ($3.21).

In related news, insider Iain C. Conn purchased 100,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were bought at an average price of GBX 145 ($1.97) per share, for a total transaction of £145,000 ($196,636.83). Also, insider Margherita D. Valle purchased 1,443 shares of the business’s stock in a transaction on Monday, November 27th. The shares were bought at an average price of GBX 137 ($1.86) per share, for a total transaction of £1,976.91 ($2,680.92). Insiders purchased a total of 104,334 shares of company stock worth $15,139,536 in the last quarter.

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About Centrica

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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