Centrica (CNA) Price Target Increased to GBX 135 by Analysts at Deutsche Bank

Centrica (LON:CNA) had its target price boosted by Deutsche Bank from GBX 125 ($1.66) to GBX 135 ($1.80) in a research report report published on Friday morning. Deutsche Bank currently has a sell rating on the integrated energy company’s stock.

Several other research firms have also recently commented on CNA. Credit Suisse Group reissued an outperform rating on shares of Centrica in a research report on Friday, May 4th. JPMorgan Chase & Co. reissued a neutral rating on shares of Centrica in a research report on Tuesday, May 15th. Jefferies Financial Group raised shares of Centrica to a buy rating and lifted their target price for the stock from GBX 140 ($1.86) to GBX 165 ($2.20) in a research report on Tuesday, June 12th. Royal Bank of Canada raised shares of Centrica to an outperform rating and lifted their target price for the stock from GBX 150 ($2.00) to GBX 175 ($2.33) in a research report on Monday, February 26th. Finally, Morgan Stanley cut shares of Centrica to an underweight rating in a research report on Wednesday, May 16th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 167.92 ($2.24).

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Shares of Centrica stock traded up GBX 2.75 ($0.04) during mid-day trading on Friday, hitting GBX 158 ($2.10). 31,221,353 shares of the stock were exchanged, compared to its average volume of 26,600,000. Centrica has a 12 month low of GBX 119.71 ($1.59) and a 12 month high of GBX 221 ($2.94).

In related news, insider Margherita D. Valle purchased 1,357 shares of the stock in a transaction that occurred on Friday, May 25th. The shares were bought at an average price of GBX 146 ($1.94) per share, with a total value of 拢1,981.22 ($2,637.76). Also, insider Stephen Pusey purchased 1,604 shares of the stock in a transaction that occurred on Wednesday, April 25th. The stock was bought at an average cost of GBX 146 ($1.94) per share, for a total transaction of 拢2,341.84 ($3,117.88). Insiders purchased a total of 4,987 shares of company stock worth $710,644 in the last ninety days.

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.

Top Clean Energy Stocks To Own For 2019

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Australia, one of the world’s biggest users of rooftop solar panels, likely added the most new capacity on record last year as electricity users sought to ease escalating power bills.

A preliminary estimate by Australia’s Clean Energy Regulator of 1.05 gigawatts installed last year would be a record for the country, the government body said in an emailed statement Friday. While subsidies and generous feed-in tariffs helped boost growth earlier this decade, last year’s gains were driven by users seeking to sidestep a surge in the cost of electricity and a push by vendors into the commercial sector, according to Bloomberg New Energy Finance.

Getting Cheaper

Average cost for residential solar power system in Australia is fallling

Source: Bloomberg New Energy Finance (BNEF), Solar Choice

Note: Costs are for a 4kW system after Small-scale Renewable Energy Scheme (SRES) subsidy

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