November 29, 2016 - By Dolores Ford
In a note shared with investors and clients on today, Exane BNP Paribas reiterated their Neutral rating on Centrica PLC (LON:CNA)‘s stock. The PT indicates a potential upside of 14.37% from company’s previous stock close.
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 9.78% above today’s (GBX 208.3) stock price. Centrica PLC has been the topic of 155 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Centrica PLC (LON:CNA) has “Hold” rating given on Friday, March 11 by Deutsche Bank. HSBC maintained the shares of CNA in a report on Friday, November 27 with “Hold” rating. AlphaValue maintained Centrica PLC (LON:CNA) on Thursday, August 20 with “Reduce” rating. The rating was maintained by Credit Suisse with “Outperform” on Friday, January 8. The firm earned “Neutral” rating on Thursday, May 12 by JP Morgan. The firm has “Neutral” rating given on Tuesday, September 15 by BNP Paribas. As per Tuesday, September 8, the company rating was maintained by Societe Generale. The stock of Centrica PLC (LON:CNA) earned “Neutral” rating by BNP Paribas on Thursday, May 5. The stock of Centrica PLC (LON:CNA) has “Neutral” rating given on Thursday, February 18 by Goldman Sachs. JP Morgan upgraded the shares of CNA in a report on Friday, July 22 to “Overweight” rating.
About 3.78 million shares traded hands. Centrica PLC (LON:CNA) has declined 12.16% since April 29, 2016 and is downtrending. It has underperformed by 17.42% the S&P500.
Analysts await Cna Financial Corp (NYSE:CNA) to report earnings on February, 13. They expect $0.81 EPS, up 526.32% or $1.00 from last year’s $-0.19 per share. CNA’s profit will be $219.34M for 12.06 P/E if the $0.81 EPS becomes a reality. After $1.15 actual EPS 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 improved, 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.
Renaissance Tech Ltd Limited Liability Company holds 0.05% or 787,200 shares in its portfolio. California State Teachers Retirement Sys holds 0% of its portfolio in Centrica PLC (LON:CNA) for 58,788 shares. Mcf Advisors Ltd Liability Com accumulated 0% or 22 shares. Schroder Management Gru last reported 0.02% of its portfolio in the stock. Employees Retirement Association Of Colorado holds 0% or 868 shares in its portfolio. Bislett Management Limited Liability Co accumulated 4.34% or 200,000 shares. Hollencrest Securities Limited holds 8,055 shares or 0.04% of its portfolio. Morgan Stanley last reported 76,640 shares in the company. Deroy Devereaux Private Inv Counsel reported 289,359 shares or 1.21% of all its holdings. Metropolitan Life Ins accumulated 800 shares or 0% of the stock. Envestnet Asset Management last reported 0% of its portfolio in the stock. Rothschild Asset Mgmt Incorporated reported 11,950 shares or 0.01% of all its holdings. Hanson And Doremus Investment Mgmt last reported 189 shares in the company. Moreover, State Street Corporation has 0% invested in Centrica PLC (LON:CNA) for 290,713 shares. Us Commercial Bank De last reported 1,463 shares in the company.
Centrica plc is an integrated energy company. The company has a market cap of 11.43 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).
More news for Centrica PLC (LON:CNA) were recently published by: Businesswire.com, which released: “Centrica plc UK Regulatory Announcement: Change of Auditor” on November 16, 2016. Fool.Co.Uk‘s article titled: “Are Centrica plc, Just Eat plc and Sirius Minerals plc simply too expensive?” and published on July 28, 2016 is yet another important article.
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By Dolores Ford