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

Centrica (LON:CNA)‘s stock had its “sell” rating restated by equities researchers at Deutsche Bank in a report issued on Friday, January 12th. They currently have a GBX 125 ($1.70) price target on the integrated energy company’s stock. Deutsche Bank’s target price suggests a potential downside of 10.10% from the stock’s current price.

Several other brokerages also recently weighed in on CNA. Kepler Capital Markets reiterated a “buy” rating and issued a GBX 190 ($2.58) price target on shares of Centrica in a report on Friday, December 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 150 ($2.03) price objective on shares of Centrica in a research note on Thursday, December 7th. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 225 ($3.05) price objective on shares of Centrica in a research note on Wednesday, November 8th. Macquarie reaffirmed a “neutral” rating and set a GBX 180 ($2.44) price objective on shares of Centrica in a research note on Thursday, October 26th. Finally, decreased their target price 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. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 187.59 ($2.54).

Shares of Centrica (LON:CNA) opened at GBX 139.05 ($1.89) 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 company has a market cap of $7,790.00 and a PE ratio of 1,390.50.

In other news, insider Iain C. Conn acquired 100,000 shares of Centrica stock in a transaction on Tuesday, December 12th. The stock was 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 acquired 1,439 shares of Centrica stock in a transaction on Thursday, December 21st. The stock was purchased at an average price of GBX 138 ($1.87) per share, with a total value of £1,985.82 ($2,693.00). In the last 90 days, insiders have purchased 104,334 shares of company stock valued at $15,139,536.

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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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