Centrica (CNA) Earns “Neutral” Rating from Citigroup

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Citigroup reiterated their neutral rating on shares of Centrica (LON:CNA) in a research report released on Friday morning. Citigroup currently has a GBX 144 ($1.88) target price on the integrated energy company’s stock, down from their previous target price of GBX 160 ($2.09).

Several other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada cut shares of Centrica to an underperform rating and lowered their price objective for the company from GBX 185 ($2.42) to GBX 130 ($1.70) in a research report on Wednesday, February 6th. Credit Suisse Group cut shares of Centrica to a neutral rating and lowered their price target for the stock from GBX 180 ($2.35) to GBX 155 ($2.03) in a research report on Wednesday, January 23rd. Morgan Stanley reiterated an underweight rating and set a GBX 105 ($1.37) price target on shares of Centrica in a research report on Thursday, January 17th. Kepler Capital Markets reiterated a buy rating on shares of Centrica in a research report on Wednesday, January 16th. Finally, Goldman Sachs Group lowered their price target on shares of Centrica from GBX 163 ($2.13) to GBX 158 ($2.06) and set a buy rating for the company in a research report on Tuesday, January 8th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 142.42 ($1.86).

CNA opened at GBX 136.20 ($1.78) on Friday. Centrica has a 1-year low of GBX 119.71 ($1.56) and a 1-year high of GBX 221 ($2.89).

In other news, insider Margherita D. Valle sold 1,492 shares of Centrica stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of GBX 133 ($1.74), for a total transaction of £1,984.36 ($2,592.92).

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, Exploration & Production, and Centrica Storage segments.

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