Centrica (LON:CNA) Rating Reaffirmed
The firm has just set a target price per share of GBX 280 on Centrica (LON:CNA) shares. This is 33.02% from the close price. In a very recent research note revealed to investors and clients on 11 December, RBC Capital Markets kept steady their Outperform rating on shares of CNA.
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 261.58 with a 23.51% above today’s (GBX 209.65) stock price. Centrica PLC was the topic of 54 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 11 with “Buy” rating. Investec maintained shares with “Buy” rating and GBX 260 target share price in a report from a December 4. Deutsche Bank maintained CNA stock in a recent report from December 9 with “Hold” rating. HSBC maintained the rating on November 27. HSBC has a “Hold” rating and a GBX 225 price target on shares. Finally, BNP Paribas maintained the stock with “Neutral” rating in a report issued on a December 7.
Approximately 5.17M shares of stock traded hands. Centrica PLC (LON:CNA) has declined 24.73% since May 14, 2015 and is downtrending. It has underperformed by 21.71% 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 worsened, 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 10.30 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).