Centrica (CNA) Rating Reiterated by Credit Suisse Group

Centrica (LON:CNA)‘s stock had its “neutral” rating reaffirmed by stock analysts at Credit Suisse Group in a research report issued to clients and investors on Wednesday. They presently have a GBX 175 ($2.34) price objective on the integrated energy company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 20.98% from the company’s previous close.

A number of other research analysts have also recently commented on CNA. Deutsche Bank restated a “sell” rating on shares of Centrica in a report on Thursday, September 7th. cut their price target on shares of Centrica from GBX 202 ($2.70) to GBX 190 ($2.54) and set a “hold” rating on the stock in a report on Thursday, October 5th. Macquarie restated a “neutral” rating and issued a GBX 180 ($2.41) price target on shares of Centrica in a report on Thursday, October 26th. Kepler Capital Markets upgraded shares of Centrica to a “buy” rating and set a GBX 190 ($2.54) price target on the stock in a report on Thursday, November 16th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 205 ($2.74) price target on shares of Centrica in a report on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 187.88 ($2.51).

Shares of Centrica (LON:CNA) opened at GBX 144.65 ($1.93) on Wednesday. Centrica has a 12 month low of GBX 119.71 ($1.60) and a 12 month high of GBX 236.50 ($3.16). The firm has a market cap of $8,100.00 and a price-to-earnings ratio of 1,446.50.

In other Centrica news, insider Iain C. Conn bought 100,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were bought at an average price of GBX 145 ($1.94) per share, with a total value of £145,000 ($193,876.19). Also, insider Margherita D. Valle bought 1,152 shares of the stock in a transaction on Wednesday, October 25th. The shares were acquired at an average cost of GBX 172 ($2.30) per share, for a total transaction of £1,981.44 ($2,649.34). Insiders have bought a total of 204,334 shares of company stock worth $32,439,536 in the last ninety 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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