Barclays Reiterates Underweight Rating for Centrica (LON:CNA)

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Centrica (LON:CNA)‘s stock had its “underweight” rating restated by equities research analysts at Barclays in a report released on Wednesday, ThisIsMoney.Co.Uk reports.

Several other brokerages have also commented on CNA. Credit Suisse Group decreased their price target on Centrica from GBX 105 ($1.37) to GBX 83 ($1.08) and set a “neutral” rating on the stock in a research note on Thursday, August 8th. HSBC raised Centrica to a “hold” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 75 ($0.98) price target (down previously from GBX 110 ($1.44)) on shares of Centrica in a research note on Thursday, September 5th. Berenberg Bank cut their price objective on Centrica from GBX 140 ($1.83) to GBX 80 ($1.05) and set a “hold” rating for the company in a research report on Monday, September 9th. Finally, Jefferies Financial Group upgraded Centrica to a “buy” rating and set a GBX 90 ($1.18) price objective for the company in a research report on Thursday, September 19th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 97.57 ($1.27).

Shares of LON:CNA opened at GBX 69.74 ($0.91) on Wednesday. The business’s 50 day simple moving average is GBX 70.63 and its 200-day simple moving average is GBX 87.16. The firm has a market capitalization of $4.06 billion and a price-to-earnings ratio of -6.52. The company has a debt-to-equity ratio of 181.72, a current ratio of 0.90 and a quick ratio of 0.72. Centrica has a 12 month low of GBX 63.99 ($0.84) and a 12 month high of GBX 156.65 ($2.05).

In related news, insider Chris O’Shea acquired 46,750 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average cost of GBX 66 ($0.86) per share, for a total transaction of £30,855 ($40,317.52). Insiders have purchased a total of 47,359 shares of company stock valued at $3,130,524 over the last 90 days.

About Centrica

Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, Germany, Norway, rest of Europe, the United States, Canada, and internationally. The company operates through Centrica Consumer, Centrica Business, and Exploration & Production segments. It supplies gas and electricity to residential customers, as well as offers energy-related services; and generates power from combined cycle gas turbines and nuclear assets.

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Analyst Recommendations for Centrica (LON:CNA)

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