Centrica (CNA) Upgraded to “Outperform” by Credit Suisse Group

Credit Suisse Group upgraded shares of Centrica (LON:CNA) to an outperform rating in a report published on Friday. They currently have GBX 170 ($2.27) price objective on the integrated energy company’s stock.

Several other analysts also recently issued reports on the company. Deutsche Bank restated a sell rating and issued a GBX 160 ($2.14) price target on shares of Centrica in a research note on Wednesday, November 8th. Kepler Capital Markets upgraded Centrica to a buy rating and set a GBX 190 ($2.54) price target for the company in a research note on Thursday, November 16th. Macquarie restated a neutral rating and issued a GBX 180 ($2.41) price target on shares of Centrica in a research note on Thursday, October 26th. Citigroup restated a neutral rating and issued a GBX 145 ($1.94) price target on shares of Centrica in a research note on Friday, December 1st. Finally, Jefferies Group reduced their price target on Centrica from GBX 190 ($2.54) to GBX 155 ($2.07) and set a hold rating for the company in a research note on Friday, December 8th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 187.59 ($2.51).

Shares of Centrica (CNA) opened at GBX 146.15 ($1.95) on Friday. The stock has a market capitalization of $8,180.00 and a price-to-earnings ratio of 1,461.50. Centrica has a one year low of GBX 119.71 ($1.60) and a one year high of GBX 236.50 ($3.16).

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

WARNING: This piece was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2018/01/06/centrica-cna-upgraded-to-outperform-by-credit-suisse-group.html.

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)

What are top analysts saying about Centrica? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Centrica and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit