November 29, 2016 - By Marguerite Chambers
They currently have a GBX 240.00 PT on Centrica (LON:CNA). Exane BNP Paribas’s target would suggest a potential upside of 14.39% from the company’s previous close. This was disclosed to clients in an analyst note on 29 November.
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 9.26% above today’s (GBX 209.29) 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 “Overweight” rating given on Wednesday, August 26 by Morgan Stanley. The stock has “Hold” rating given by Deutsche Bank on Monday, February 1. Morgan Stanley maintained the shares of CNA in a report on Thursday, October 15 with “Overweight” rating. The stock has “Buy” rating given by Jefferies on Friday, February 19. On Thursday, October 29 the stock rating was maintained by Deutsche Bank with “Hold”. The rating was maintained by Barclays Capital with “Equal Weight” on Wednesday, March 2. Goldman Sachs maintained Centrica PLC (LON:CNA) rating on Tuesday, January 19. Goldman Sachs has “Neutral” rating and GBX 205 price target. Investec maintained Centrica PLC (LON:CNA) on Friday, December 4 with “Buy” rating. The company was upgraded on Monday, September 7 by Bernstein. The stock of Centrica PLC (LON:CNA) earned “Outperform” rating by BNP Paribas on Wednesday, March 16.
The stock decreased 0.05% or GBX 0.11 on November 29, hitting GBX 209.29. About 17.59M shares traded hands or 3.71% up from the average. 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 $221.08M for 12.04 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.
Loews accumulated 62.36% or 242.65 million shares. Cibc Asset Mngmt holds 0% of its portfolio in Centrica PLC (LON:CNA) for 10,905 shares. Amp Capital accumulated 15,600 shares or 0% of the stock. Morgan Stanley has invested 0% of its portfolio in Centrica PLC (LON:CNA). Rothschild Asset Incorporated, a New York-based fund reported 11,950 shares. Barclays Public Ltd Liability Company holds 0% of its portfolio in Centrica PLC (LON:CNA) for 1,431 shares. The California-based Aperio Group Inc Limited Liability Co has invested 0.04% in Centrica PLC (LON:CNA). Aviva Public Ltd Com owns 16,709 shares or 0% of their US portfolio. Moreover, Stanley has 2.46% invested in Centrica PLC (LON:CNA) for 200,675 shares. Clinton Group holds 27,240 shares or 0.04% of its portfolio. Berkley W R Corp last reported 15,829 shares in the company. Levin Cap Strategies L P accumulated 36,250 shares or 0.02% of the stock. Zebra Mngmt has 0.54% invested in the company for 49,491 shares. Deroy And Devereaux Private Invest Counsel last reported 289,359 shares in the company. The Kentucky-based Mcf Advisors has invested 0% in Centrica PLC (LON:CNA).
Centrica plc is an integrated energy company. The company has a market cap of 11.48 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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