Centrica’s (CNA) “Neutral” Rating Reaffirmed at Citigroup

Citigroup reaffirmed their neutral rating on shares of Centrica (LON:CNA) in a research note issued to investors on Friday. They currently have a GBX 145 ($1.94) price target on the integrated energy company’s stock.

Several other research analysts have also issued reports on the stock. Deutsche Bank reiterated a sell rating and issued a GBX 160 ($2.14) target price on shares of Centrica in a research report on Wednesday, November 8th. Jefferies Group upgraded shares of Centrica to a hold rating and set a GBX 190 ($2.54) target price for the company in a research report on Thursday, August 31st. Kepler Capital Markets upgraded shares of Centrica to a buy rating and set a GBX 190 ($2.54) target price for the company in a research report on Thursday, November 16th. Macquarie reiterated a neutral rating and issued a GBX 180 ($2.41) target price on shares of Centrica in a research report on Thursday, October 26th. Finally, Credit Suisse Group reiterated a neutral rating and issued a GBX 225 ($3.01) target price on shares of Centrica in a research report on Friday, September 22nd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Centrica presently has an average rating of Hold and a consensus target price of GBX 196.12 ($2.63).

Shares of Centrica (LON CNA) traded down GBX 0.70 ($0.01) during trading hours on Friday, reaching GBX 143.90 ($1.93). 24,975,915 shares of the company traded hands, compared to its average volume of 25,730,000. Centrica has a one year low of GBX 119.71 ($1.60) and a one year high of GBX 236.90 ($3.17).

In other news, insider Margherita D. Valle acquired 1,043 shares of the stock in a transaction dated Monday, September 25th. The stock was purchased at an average cost of GBX 190 ($2.54) per share, with a total value of £1,981.70 ($2,653.94). Also, insider Iain C. Conn acquired 100,000 shares of the stock in a transaction dated Monday, October 9th. The shares were purchased at an average cost of GBX 173 ($2.32) per share, with a total value of £173,000 ($231,686.09). Over the last ninety days, insiders have bought 103,881 shares of company stock valued at $17,939,125.

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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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