Centrica's fair value per share has been revised down from £2.22 to £2.17, driven by a shift in revenue growth assumptions from a 3.65% increase to a 0.33% decline. The net profit margin assumption rose from 3.45% to 3.89%, while the future P/E multiple was adjusted from 13.31x to 13.01x, with the discount rate unchanged at 7.38%. Analyst price targets have moved in both directions, with Berenberg raising its target to £2.30 from £1.90, while Citi lowered its target to £2.14 and JPMorgan cut its target to £2.27 from earlier higher levels, reflecting a more cautious view on upside despite maintained Buy and Overweight ratings.
Centrica PLCAnalysts revised down fair value and revenue growth assumptions, with multiple price target cuts
CNA Financial Corporation