Centrica PLC (CNA) Receives Hold Rating from Deutsche Bank
Deutsche Bank reiterated their hold rating on shares of Centrica PLC (LON:CNA) in a research note released on Monday morning, Analyst Ratings.Net reports. Deutsche Bank currently has a GBX 200 ($2.88) price objective on the integrated energy company’s stock.
In other Centrica PLC news, insider Bell ,Jeff acquired 307 shares of the business’s stock in a transaction on Monday, December 7th. The stock was purchased at an average price of GBX 216 ($3.11) per share, with a total value of £663.12 ($953.99). Also, insider Pusey,Stephen acquired 898 shares of the business’s stock in a transaction on Monday, January 25th. The stock was acquired at an average cost of GBX 207 ($2.98) per share, with a total value of £1,858.86 ($2,674.23).
Centrica PLC (LON:CNA) traded down 2.7304% during mid-day trading on Monday, hitting GBX 199.5000. The stock had a trading volume of 9,027,406 shares. The stock’s market cap is GBX 9.92 billion. Centrica PLC has a 12-month low of GBX 198.30 and a 12-month high of GBX 300.70. The company has a 50-day moving average of GBX 210.12 and a 200-day moving average of GBX 230.69.
CNA has been the topic of several other reports. Morgan Stanley reiterated an overweight rating and issued a GBX 300 ($4.32) price target on shares of Centrica PLC in a research note on Monday, October 5th. Credit Suisse restated an outperform rating and set a GBX 300 ($4.32) price objective on shares of Centrica PLC in a research note on Tuesday, October 13th. Sanford C. Bernstein restated an outperform rating and set a GBX 280 ($4.03) price objective on shares of Centrica PLC in a research note on Thursday, October 8th. Macquarie restated an outperform rating and set a GBX 235 ($3.38) price objective on shares of Centrica PLC in a research note on Thursday, January 21st. Finally, AlphaValue restated a reduce rating and set a GBX 223 ($3.21) price objective on shares of Centrica PLC in a research note on Thursday, October 15th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Centrica PLC has a consensus rating of Hold and an average target price of GBX 252.11 ($3.63).
Centrica plc is an integrated energy company. The Company operates through three segments: International Downstream, International Upstream and Centrica Storage. The Company’s International Downstream segment provides residential energy supply, residential services, and business energy supply and services in the United Kingdom, North America and the Republic of Ireland. The International Downstream segment consists of the operations of British Gas, Direct Energy and Bord Gais Energy. The Company’s International Upstream segment consists of the operations of Centrica Energy, which is engaged in production, processing, trading and optimization of gas and oil, and also generation, trading and optimization of power from thermal, nuclear and wind sources. The Company’s Centrica Storage segment provides gas storage in the United Kingdom. The Company’s brands include British Gas, Centrica and Dyno-Rod.
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