UBS Group Lowers Centrica (CNA) to Neutral

UBS Group lowered shares of Centrica (LON:CNA) to a neutral rating in a report issued on Wednesday, investing.thisismoney.co.uk reports. They currently have GBX 135 ($1.76) price objective on the integrated energy company’s stock, down from their previous price objective of GBX 165 ($2.16).

Several other brokerages have also commented on CNA. Deutsche Bank reissued a sell rating on shares of Centrica in a research report on Thursday, August 9th. Berenberg Bank reissued a buy rating on shares of Centrica in a research report on Friday, October 26th. HSBC lowered Centrica to a reduce rating and raised their price objective for the company from GBX 130 ($1.70) to GBX 142 ($1.86) in a research report on Friday, September 7th. Credit Suisse Group reissued an outperform rating and set a GBX 180 ($2.35) price objective on shares of Centrica in a research report on Monday, October 29th. Finally, Kepler Capital Markets reissued a buy rating on shares of Centrica in a research report on Friday, September 28th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 158.42 ($2.07).

LON:CNA opened at GBX 139.60 ($1.82) on Wednesday. Centrica has a twelve month low of GBX 119.71 ($1.56) and a twelve month high of GBX 221 ($2.89).

In related news, insider Margherita D. Valle purchased 1,323 shares of the stock in a transaction dated Thursday, October 25th. The stock was purchased at an average price of GBX 149 ($1.95) per share, with a total value of £1,971.27 ($2,575.81). Insiders have acquired 2,872 shares of company stock valued at $425,523 in the last three months.

Centrica Company Profile

Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, Germany, Norway, rest of Europe, the United States, Canada, and internationally. The company operates through Centrica Consumer, Centrica Business, Exploration & Production, and Centrica Storage segments.

Further Reading: Find a Trading Strategy That Works

Analyst Recommendations for Centrica (LON:CNA)

Receive News & Ratings for Centrica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrica and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply