Centrica (CNA) Stock Rating Lowered by Morgan Stanley

Centrica (LON:CNA) was downgraded by research analysts at Morgan Stanley to an “underweight” rating in a note issued to investors on Wednesday.

CNA has been the topic of a number of other reports. Deutsche Bank restated a “sell” rating and issued a GBX 125 ($1.70) price target on shares of Centrica in a research report on Wednesday, January 31st. JPMorgan Chase restated a “neutral” rating and issued a GBX 150 ($2.03) price target on shares of Centrica in a research report on Tuesday, February 20th. Kepler Capital Markets reduced their price target on shares of Centrica from GBX 190 ($2.58) to GBX 160 ($2.17) and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Royal Bank of Canada upgraded shares of Centrica to an “outperform” rating and raised their price target for the stock from GBX 150 ($2.03) to GBX 175 ($2.37) in a research report on Monday, February 26th. Finally, Credit Suisse Group restated an “outperform” rating and issued a GBX 175 ($2.37) price target on shares of Centrica in a research report on Tuesday, April 10th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 174.63 ($2.37).

LON CNA opened at GBX 143.85 ($1.95) on Wednesday. Centrica has a fifty-two week low of GBX 119.71 ($1.62) and a fifty-two week high of GBX 221 ($3.00).

Centrica (LON:CNA) last posted its quarterly earnings results on Thursday, February 22nd. The integrated energy company reported GBX 12.60 ($0.17) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of GBX 12.60 ($0.17). Centrica had a net margin of 2.16% and a return on equity of 21.95%. The company had revenue of GBX 2,802.30 billion for the quarter.

In other Centrica news, insider Mark Hanafin sold 89,365 shares of the firm’s stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of GBX 154 ($2.09), for a total transaction of £137,622.10 ($186,682.18). Also, insider Jeff Bell bought 40,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of GBX 141 ($1.91) per share, for a total transaction of £56,400 ($76,505.70). In the last ninety days, insiders purchased 44,895 shares of company stock worth $6,335,844.

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.

Analyst Recommendations for Centrica (LON:CNA)

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