Trading Report: Today, Centrica PLC (CNA) Price Target Raised to GBX 240

Today, Centrica PLC (CNA) Price Target Raised to GBX 240

Centrica PLC (LON:CNA) had its price objective boosted by research analysts at Berenberg Bank from GBX 230 ($2.87) to GBX 240 ($3.00) in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the integrated energy company’s stock. Berenberg Bank’s price objective points to a potential upside of 17.59% from the stock’s previous close.

CNA has been the subject of several other reports. Numis Securities Ltd reissued an “add” rating and set a GBX 210 ($2.62) price objective on shares of Centrica PLC in a report on Tuesday, August 16th. Credit Suisse Group AG restated an “outperform” rating and set a GBX 270 ($3.37) target price on shares of Centrica PLC in a research report on Thursday, September 8th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 250 ($3.12) target price on shares of Centrica PLC in a research report on Wednesday, September 14th. Jefferies Group lowered Centrica PLC to an “underperform” rating and decreased their target price for the stock from GBX 235 ($2.94) to GBX 190 ($2.37) in a research report on Thursday, September 22nd. Finally, Deutsche Bank AG restated a “hold” rating and set a GBX 190 ($2.37) target price on shares of Centrica PLC in a research report on Monday, August 1st. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Centrica PLC presently has an average rating of “Hold” and an average target price of GBX 228.79 ($2.86).

Centrica PLC (LON:CNA) traded up 0.94% during trading on Monday, reaching GBX 204.10. The company had a trading volume of 12,332,295 shares. The company has a 50 day moving average price of GBX 209.78 and a 200 day moving average price of GBX 219.68. The company’s market capitalization is GBX 10.55 billion. Centrica PLC has a 52-week low of GBX 182.50 and a 52-week high of GBX 248.39.

In other Centrica PLC news, insider Ian Meakins purchased 891 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The shares were acquired at an average price of GBX 226 ($2.82) per share, for a total transaction of £2,013.66 ($2,515.82). Also, insider Stephen Pusey purchased 1,079 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The stock was acquired at an average price of GBX 216 ($2.70) per share, for a total transaction of £2,330.64 ($2,911.84).

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