Centrica (CNA) PT Lowered to GBX 155
Centrica (LON:CNA) had its target price dropped by analysts at Jefferies Group from GBX 190 ($2.56) to GBX 155 ($2.09) in a report issued on Friday. The brokerage currently has a “hold” rating on the integrated energy company’s stock. Jefferies Group’s price objective would indicate a potential upside of 7.56% from the stock’s previous close.
CNA has been the subject of a number of other research reports. Credit Suisse Group reissued a “neutral” rating and set a GBX 225 ($3.03) target price on shares of Centrica in a research note on Wednesday, November 8th. Deutsche Bank reissued a “sell” rating and set a GBX 160 ($2.15) target price on shares of Centrica in a research note on Friday, August 25th. Royal Bank Of Canada lowered their target price on shares of Centrica from GBX 210 ($2.83) to GBX 150 ($2.02) and set a “sector performer” rating for the company in a research note on Tuesday, November 28th. Kepler Capital Markets reissued a “buy” rating and set a GBX 190 ($2.56) target price on shares of Centrica in a research note on Thursday, November 23rd. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 205 ($2.76) target price on shares of Centrica in a research note on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 190.82 ($2.57).
Centrica (LON CNA) opened at GBX 144.10 ($1.94) on Friday. Centrica has a 52 week low of GBX 119.71 ($1.61) and a 52 week high of GBX 236.90 ($3.19).
In other Centrica news, insider Margherita D. Valle bought 1,443 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was bought at an average cost of GBX 137 ($1.84) per share, with a total value of £1,976.91 ($2,660.71). Also, insider Iain C. Conn bought 100,000 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were acquired at an average cost of GBX 173 ($2.33) per share, with a total value of £173,000 ($232,839.84). Over the last three months, insiders have bought 103,910 shares of company stock valued at $17,939,205.
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.
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