Centrica PLC -9.8% potential downside indicated by Berenberg Bank

Centrica PLC with ticker (LON:CNA) now has a potential downside of -9.8% according to Berenberg Bank.



Berenberg Bank set a target price of 140 GBX for the company, which when compared to the Centrica PLC share price of 155 GBX at opening today (07/09/2023) indicates a potential downside of -9.8%. Trading has ranged between 66 (52 week low) and 159 (52 week high) with an average of 25,146,739 shares exchanging hands daily. The market capitalisation at the time of writing is £8,773,570,617.

Centrica plc is an energy services and solutions company. Its British Gas Services and Solutions segment provides installation, repair and maintenance of domestic central heating and related appliances and the provision of fixed-fee maintenance service and insurance contracts in the United Kingdom. The Company’s British Gas Energy segment is engaged in supplying gas and electricity to residential and small business customers in the United Kingdom and others. Its Bord Gais Energy segment supplies gas and electricity to residential, commercial and industrial customers in the Republic of Ireland and others. The Company’s Centrica Business Solutions segment supplies gas and electricity to business customers in the United Kingdom and others. Its Energy Marketing & Trading segment is engaged in the procurement, trading and optimization of energy in the United Kingdom and Europe. Its Upstream segment is engaged in the sale of power generated from nuclear assets in the United Kingdom.