Today, Centrica PLC (CNA) Receives “Overweight” Rating from JPMorgan Chase & Co.

Today, Centrica PLC (CNA) Receives “Overweight” Rating from JPMorgan Chase & Co.

Centrica PLC (LON:CNA)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They presently have a GBX 250 ($3.10) price target on the integrated energy company’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 22.89% from the company’s previous close.

CNA has been the subject of a number of other reports. Goldman Sachs Group Inc. lowered shares of Centrica PLC to a “sell” rating and raised their price target for the company from GBX 211 ($2.62) to GBX 213 ($2.64) in a report on Wednesday, September 7th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 270 ($3.35) price target on shares of Centrica PLC in a report on Thursday, September 8th. Royal Bank Of Canada lowered shares of Centrica PLC to a “sector performer” rating and lowered their price target for the company from GBX 250 ($3.10) to GBX 240 ($2.98) in a report on Monday, October 3rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 230 ($2.85) price target on shares of Centrica PLC in a report on Wednesday, July 20th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 190 ($2.36) price target on shares of Centrica PLC in a 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’s stock. Centrica PLC presently has a consensus rating of “Hold” and an average target price of GBX 228.79 ($2.84).

Centrica PLC (LON:CNA) traded up 2.60% on Wednesday, reaching GBX 209.40. 23,889,138 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is GBX 209.37 and its 200 day moving average price is GBX 219.68. The firm’s market capitalization is GBX 10.82 billion. Centrica PLC has a 1-year low of GBX 182.50 and a 1-year high of GBX 248.39.

In other Centrica PLC news, insider Ian Meakins acquired 891 shares of the stock in a transaction dated Monday, September 26th. The shares were bought at an average price of GBX 226 ($2.80) per share, with a total value of £2,013.66 ($2,498.03). Also, insider Stephen Pusey acquired 1,079 shares of the stock in a transaction dated Tuesday, October 25th. The stock was acquired at an average cost of GBX 216 ($2.68) per share, for a total transaction of £2,330.64 ($2,891.25).

Related posts

Leave a Comment