November 24, 2016 - By Linda Rogers
London: In an analyst note issued to investors and clients on 24 November, Barclays Capital reconfirmed their Equal weight rating on shares of Centrica PLC (LON:CNA). They currently have a GBX 245.00 target price per share on the firm. Barclays Capital’s target indicates a potential upside of 20.99% from the company’s current price.
Out of 22 analysts covering Centrica PLC (LON:CNA), 11 rate it a “Buy”, 7 “Sell”, while 4 “Hold”. This means 50% are positive. GBX 320 is the highest target while GBX 175 is the lowest. The GBX 228.67 average target is 12.92% above today’s (GBX 202.5) stock price. Centrica PLC has been the topic of 154 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Bernstein maintained the shares of CNA in a report on Monday, September 28 with “Outperform” rating. The rating was maintained by JP Morgan with “Overweight” on Wednesday, November 2. The stock of Centrica PLC (LON:CNA) has “Neutral” rating given on Friday, July 29 by BNP Paribas. Investec maintained the stock with “Buy” rating in Friday, December 4 report. On Monday, August 17 the stock rating was maintained by Bernstein with “Market Perform”. The firm has “Neutral” rating given on Monday, August 10 by BNP Paribas. BNP Paribas maintained it with “Neutral” rating and GBX 275 target price in Thursday, November 26 report. The firm has “Add” rating by Numis Securities given on Tuesday, August 16. The firm earned “Neutral” rating on Friday, May 6 by JP Morgan. AlphaValue maintained Centrica PLC (LON:CNA) rating on Thursday, December 24. AlphaValue has “Reduce” rating and GBX 221 price target.
About 1.97M shares traded hands. Centrica PLC (LON:CNA) has declined 12.62% since April 26, 2016 and is downtrending. It has underperformed by 18.03% the S&P500.
Analysts await Cna Financial Corp (NYSE:CNA) to report earnings on February, 13. They expect $0.81 earnings per share, up 526.32% or $1.00 from last year’s $-0.19 per share. CNA’s profit will be $218.62 million for 11.94 P/E if the $0.81 EPS becomes a reality. After $1.15 actual earnings per share reported by Cna Financial Corp for the previous quarter, Wall Street now forecasts -29.57% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.14, from 1.06 in 2016Q1. The ratio increased, as 19 funds sold all Centrica PLC shares owned while 47 reduced positions. 16 funds bought stakes while 54 increased positions. They now own 267.60 million shares or 0.25% less from 268.27 million shares in 2016Q1.
Blackrock Fund Advsr has invested 0% of its portfolio in Centrica PLC (LON:CNA). Analytic Investors accumulated 0.01% or 36,186 shares. Nuance Invs Lc, a Kansas-based fund reported 94,380 shares. Jacobs Levy Equity Mngmt Inc holds 32,389 shares or 0.02% of its portfolio. First Advsrs Limited Partnership last reported 0% of its portfolio in the stock. Aviva Public Limited Liability Company last reported 16,709 shares in the company. The Pennsylvania-based Brandywine Global Investment Mgmt Limited Liability has invested 0% in Centrica PLC (LON:CNA). Aqr Cap Mngmt Lc holds 54,101 shares or 0% of its portfolio. Highbridge Management Ltd Liability Corporation accumulated 0.01% or 15,939 shares. Nicholas Wi has 11,500 shares for 0.01% of their US portfolio. Kcg Hldg last reported 17,100 shares in the company. Stevens Cap Lp accumulated 15,587 shares or 0.02% of the stock. Wellington Management Grp Llp accumulated 0% or 42,533 shares. Great West Life Assurance Can holds 6,741 shares or 0% of its portfolio. Ladenburg Thalmann Financial Serv has invested 0% of its portfolio in Centrica PLC (LON:CNA).
Centrica plc is an integrated energy company. The company has a market cap of 11.07 billion GBP. The Firm operates through three divisions: International Downstream, International Upstream and Centrica Storage. It currently has negative earnings. It offers Hive Active Heating 2, which is an advancement of its smart thermostat.
According to Zacks Investment Research, “CNA Financial Corporation is an insurance holding company whose primary subsidiaries consist of property/casualty and life insurance companies. CNA’s property/casualty insurance operations are conducted by Continental Casualty Company and The Continental Insurance Company. Life insurance operations are conducted by Continental Assurance Company.”
CNA Financial Corporation, incorporated on September 8, 1967, is an insurance holding company. The Company’s divisions include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. The Company’s insurance products primarily include commercial property and casualty coverages, including surety. The Company’s services include risk management, information services, and warranty and claims administration. The Company’s property and casualty, and life and group insurance activities are primarily conducted by Continental Casualty Company (CCC), The Continental Insurance Company, Western Surety Company, CNA Insurance Company Limited and Hardy Underwriting Bermuda Limited and its subsidiaries (Hardy).
Another recent and important Centrica PLC (LON:CNA) news was published by Businesswire.com which published an article titled: “Centrica plc UK Regulatory Announcement: Change of Auditor” on November 16, 2016.
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By Linda Rogers