2.54% to Target, Deutsche Bank Maintains “Hold” Rating for Centrica PLC (LON:CNA) Stock

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Centrica PLC (LON:CNA) Rating

London: In a research note issued to clients on Thursday morning, Deutsche Bank maintained their “Hold” rating on shares of Centrica PLC (LON:CNA). They currently have a GBX 220.00 TP on the firm. Deutsche Bank’s target would indicate a potential upside of 2.54% from the company’s current price.

Out of 16 analysts covering Centrica PLC (LON:CNA), 9 rate it “Buy”, 1 “Sell”, while 6 “Hold”. This means 56% are positive. GBX 320 is the highest target while GBX 215 is the lowest. The GBX 267.69 average target is 26.48% above today’s (GBX 211.64) stock price. Centrica PLC was the topic in 44 analyst reports since July 24, 2015 according to StockzIntelligence Inc. HSBC maintained the stock on November 9 with “Hold” rating. Investec maintained it with “Buy” rating and GBX 260 target price in an October 22 report. Deutsche Bank maintained the shares of CNA in a report on October 29 with “Hold” rating. Credit Suisse maintained the firm’s rating on October 21. Credit Suisse has “Outperform” rating and GBX 300 price target. Finally, Bernstein maintained the stock with “Outperform” rating in an October 28 report.

The stock increased 0.02% or GBX 0.04 on November 18, hitting GBX 211.64. Centrica PLC (LON:CNA) has declined 18.65% since April 22, 2015 and is downtrending. It has underperformed by 18.76% the S&P500.

2.54% to Target, Deutsche Bank Maintains

The institutional sentiment decreased to 0.97 in Q2 2015. Its down 0.27, from 1.24 in 2015Q1. The ratio turned negative, as 13 funds sold all Centrica PLC shares owned while 55 reduced positions. 21 funds bought stakes while 45 increased positions. They now own 267.49 million shares or 0.18% less from 267.96 million shares in 2015Q1.

Loews Corp holds 67.85% of its portfolio in Centrica PLC for 242.38 million shares. Pacifica Capital Investments Llc owns 324,788 shares or 7.63% of their US portfolio. Moreover, Bislett Management Llc has 5.25% invested in the company for 200,000 shares. The California-based Private Management Group Inc has invested 3.26% in the stock. Kiltearn Partners Llp, a United Kingdom-based fund reported 1.65 million shares.

Centrica plc is an integrated energy company. The company has a market cap of 10.73 billion GBP. The Firm operates through three divisions: International Downstream, International Upstream and Centrica Storage. It currently has negative earnings. The Company’s International Downstream segment provides residential energy supply, residential services, and business energy supply and services in the United Kingdom, North America and the Republic of Ireland.

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.

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