22.58% to Target, Investec Reconfirms ‘Buy’ Rating on Centrica (LON:CNA) Shares Today

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Centrica (LON:CNA) Rating Reaffirmed

Centrica (LON:CNA) just had their share rating of a ‘Buy’ issued by research analysts at Investec, who now has a GBX 260 Estimated Target Price on the 10.58 billion GBP market cap company or a 22.58% upside potential. This key information was revealed to clients and investors in an analyst note on Friday morning.

From a total of 21 analysts covering Centrica PLC (LON:CNA) stock, 10 rate it a ”Buy”, 4 a “Sell”, and 8 a ”Hold”. This means that 45% of the ratings are positive. The highest target price is GBX 310 while the lowest target price is GBX 205. The mean of all analyst targets is GBX 261.82 with a 24.48% above today’s (GBX 213.8) 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.

Approximately 2.16M shares of stock traded hands. Centrica PLC (LON:CNA) has declined 17.13% since May 7, 2015 and is downtrending. It has underperformed by 14.35% the S&P500.

22.58% to Target, Investec Reconfirms ‘Buy’ Rating on Centrica (LON:CNA) Shares Today

Centrica plc is an integrated energy company. The company has a market cap of 10.58 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).

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