Centrica (LON:CNA) Rating Reaffirmed
Recently, In an interesting research report released on Friday, 27 November, Centrica (LON:CNA) shares have had their “Hold” Rating has reaffirmed by professional analysts at HSBC, who currently has a GBX 225.00 target PPS on firm. This target by HSBC would possibly suggest the possibile upside of 2.04% from the current price.
From a total of 16 analysts covering Centrica PLC (LON:CNA) stock, 9 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 56% of the ratings are positive. The highest target price is GBX 320 while the lowest target price is GBX 215. The mean of all analyst targets is GBX 266.13 with a 20.61% above today’s (GBX 220.66) stock price. Centrica PLC was the topic of 48 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. HSBC maintained shares on November 27 with “Hold” rating. Citigroup upgraded shares to “Buy” rating and GBX 260 target share price in a report from an October 29. Credit Suisse maintained CNA stock in a recent report from November 24 with “Outperform” rating. Bernstein maintained the rating on October 28. Bernstein has a “Outperform” rating and a GBX 280 price target on shares. Finally, Goldman Sachs downgraded the stock to “Neutral” rating in a report issued on a November 5.
The stock decreased 0.38% or GBX 0.84 on November 27, striking GBX 220.66. Approximately 8.06 million shares of stock traded hands. Centrica PLC (LON:CNA) has declined 13.28% since May 1, 2015 and is downtrending. It has underperformed by 12.38% the S&P500.
Centrica plc is an integrated energy company. The company has a market cap of 11.24 billion GBP. The Firm operates through three divisions: International Downstream, International Upstream and Centrica Storage. It currently has negative earnings. The Company’s International Downstream segment provides residential energy supply, residential services, and business energy supply and services in the United Kingdom, North America and the Republic of Ireland.
According to Zacks Investment Research, “CNA Financial Corporation is an insurance holding company whose primary subsidiaries consist of property/casualty and life insurance companies. CNA’s property/casualty insurance operations are conducted by Continental Casualty Company and The Continental Insurance Company. Life insurance operations are conducted by Continental Assurance Company.” Get a free copy of the Zacks research report on Centrica PLC (CNA)