UBS Group Downgrades Centrica (CNA) to Neutral

Centrica (LON:CNA) was downgraded by UBS Group to a “neutral” rating in a note issued to investors on Wednesday, investing.thisismoney.co.uk reports. They presently have a GBX 135 ($1.76) price target on the integrated energy company’s stock, down from their previous price target of GBX 165 ($2.16). UBS Group’s target price suggests a potential downside of 2.81% from the company’s current price.

Other equities analysts also recently issued reports about the company. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 180 ($2.35) price target on shares of Centrica in a research note on Monday, October 29th. Kepler Capital Markets reiterated a “buy” rating on shares of Centrica in a research note on Friday, September 28th. Deutsche Bank reiterated a “sell” rating on shares of Centrica in a research note on Thursday, August 9th. HSBC downgraded Centrica to a “reduce” rating and lifted their price target for the stock from GBX 130 ($1.70) to GBX 142 ($1.86) in a research note on Friday, September 7th. Finally, Goldman Sachs Group upgraded Centrica to a “buy” rating and lifted their price target for the stock from GBX 163 ($2.13) to GBX 176 ($2.30) in a research note on Tuesday, September 18th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. Centrica currently has an average rating of “Hold” and an average target price of GBX 158.42 ($2.07).

LON:CNA opened at GBX 138.90 ($1.81) on Wednesday. Centrica has a one year low of GBX 119.71 ($1.56) and a one year high of GBX 221 ($2.89).



In other Centrica news, insider Margherita D. Valle sold 1,492 shares of Centrica stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of GBX 133 ($1.74), for a total value of £1,984.36 ($2,592.92). Over the last 90 days, insiders acquired 2,872 shares of company stock valued at $425,523.

Centrica Company Profile

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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Analyst Recommendations for Centrica (LON:CNA)

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