Centrica (LON:CNA) Rating Reaffirmed
Morgan Stanley now has a GBX 300 PT on shares of Centrica (LON:CNA). The PT may mean a potential upside of 39.47% from the stock price of Centrica (LON:CNA). This rating was released in a recent report on 10 December.
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 24.20% above today’s (GBX 211.5) stock price. Centrica PLC was the topic of 52 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 9 with “Hold” rating. Goldman Sachs downgraded shares to “Neutral” rating and GBX 215 target share price in a report from a November 5. BNP Paribas maintained CNA stock in a recent report from December 7 with “Neutral” rating. Citigroup upgraded the rating on October 29. Citigroup has a “Buy” rating and a GBX 260 price target on shares. Finally, HSBC maintained the stock with “Hold” rating in a report issued on a November 27.
Approximately 9.26 million shares of stock traded hands. Centrica PLC (LON:CNA) has declined 25.49% since May 13, 2015 and is downtrending. It has underperformed by 23.55% the S&P500.
The overall sentiment of institutions has decreased to 0.81 in Q2 2015. Its down 0.16, from 0.97 in 2015Q2. The ratio turned negative, as 19 institutions have sold all the shares of Centrica PLC that they owned while 51 funds have taken shares off the table. 6 funds have purchased shares for the first time while 51 added to their positions. These institutions now hold 271.94 million shares or 1.66% more than the 267.49 million shares they owned in 2015Q2.
The Fund Loews Corp currently is holding shares equating to 69.08% of its total portfolio in Centrica PLC representing a total of 242.38 million shares. Another fund,Pacifica Capital Investments Llc, is holding a total of 333,803 shares equating to 7.35% of their holdings. Additionally, Bislett Management Llc has a 200,000 share stake in Centrica PLC which represents 4.9% of their total portfolio. The Fund, Towle & Co, based out of Missouri, has also built up a stake in the stock, which represents a total of 2.97% of their total portfolio. Finally Private Management Group Inc, a fund which is based in the state of California reported a total holdings of 1.30 million shares.
Centrica plc is an integrated energy company. The company has a market cap of 10.50 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).