Berenberg Bank cut shares of Centrica (LON:CNA) to a hold rating in a research note issued to investors on Monday. Berenberg Bank currently has GBX 140 ($1.83) price target on the integrated energy company’s stock, down from their prior price target of GBX 155 ($2.03).
Several other equities analysts have also recently weighed in on the stock. Morgan Stanley reaffirmed an underweight rating and set a GBX 105 ($1.37) target price on shares of Centrica in a research note on Thursday, January 17th. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 180 ($2.35) price objective on shares of Centrica in a report on Monday, October 29th. UBS Group downgraded shares of Centrica to a neutral rating and dropped their price objective for the company from GBX 165 ($2.16) to GBX 135 ($1.76) in a report on Wednesday, December 5th. Deutsche Bank dropped their price objective on shares of Centrica from GBX 135 ($1.76) to GBX 115 ($1.50) and set a sell rating on the stock in a report on Monday, December 10th. Finally, Jefferies Financial Group downgraded shares of Centrica to a hold rating and dropped their price objective for the company from GBX 170 ($2.22) to GBX 125 ($1.63) in a report on Monday, January 7th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Centrica presently has an average rating of Hold and an average price target of GBX 139.92 ($1.83).
Get Centrica alerts:CNA opened at GBX 137.20 ($1.79) on Monday. Centrica has a fifty-two week low of GBX 119.71 ($1.56) and a fifty-two week high of GBX 221 ($2.89).
In other news, insider Margherita D. Valle sold 1,492 shares of the company’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of GBX 133 ($1.74), for a total value of £1,984.36 ($2,592.92).
About Centrica
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.
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