Centrica PLC (LON:CNA) Given “Sell” Rating at Deutsche Bank AG

Deutsche Bank AG restated their sell rating on shares of Centrica PLC (LON:CNA) in a research note issued to investors on Tuesday morning. They currently have a GBX 160 ($2.09) target price on the integrated energy company’s stock.

CNA has been the topic of a number of other reports. Citigroup Inc. reissued a sell rating and set a GBX 178 ($2.32) price objective on shares of Centrica PLC in a report on Thursday, May 4th. HSBC Holdings plc decreased their price objective on Centrica PLC from GBX 200 ($2.61) to GBX 187 ($2.44) and set a reduce rating on the stock in a report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reissued a sell rating and set a GBX 194 ($2.53) price objective on shares of Centrica PLC in a report on Tuesday, May 9th. J P Morgan Chase & Co cut Centrica PLC to an underweight rating and decreased their price objective for the company from GBX 265 ($3.46) to GBX 180 ($2.35) in a report on Thursday, May 11th. Finally, Barclays PLC raised their price objective on Centrica PLC from GBX 195 ($2.55) to GBX 215 ($2.81) and gave the company an equal weight rating in a report on Monday, June 12th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Centrica PLC presently has an average rating of Hold and an average target price of GBX 213.83 ($2.79).

Centrica PLC (CNA) opened at 206.10 on Tuesday. The firm’s market cap is GBX 11.29 billion. Centrica PLC has a 52 week low of GBX 119.71 and a 52 week high of GBX 248.39. The firm’s 50-day moving average price is GBX 203.15 and its 200 day moving average price is GBX 214.24.

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In other news, insider Margherita D. Valle purchased 946 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average cost of GBX 209 ($2.73) per share, for a total transaction of £1,977.14 ($2,581.80). Over the last quarter, insiders bought 3,113 shares of company stock worth $639,446.

Centrica PLC 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 PLC (LON:CNA)

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