Centrica (LON:CNA) Cut to Neutral at Citigroup

Citigroup cut shares of Centrica (LON:CNA) to a neutral rating in a report published on Tuesday, Marketbeat.com reports. The firm currently has GBX 185 price target on the integrated energy company’s stock.

Several other research firms have also commented on CNA. Royal Bank Of Canada upped their price target on shares of Centrica from GBX 175 to GBX 200 and gave the company an “outperform” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. boosted their price objective on Centrica from GBX 177 to GBX 179 and gave the company a “neutral” rating in a report on Friday, August 15th. Berenberg Bank raised their target price on Centrica from GBX 155 to GBX 190 and gave the stock a “buy” rating in a report on Thursday, September 11th. Finally, Barclays upgraded Centrica to an “overweight” rating and lifted their price target for the company from GBX 180 to GBX 210 in a research report on Thursday, October 16th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Centrica presently has an average rating of “Moderate Buy” and a consensus price target of GBX 185.67.

Centrica Stock Up 2.2%

CNA stock opened at GBX 180.40 on Tuesday. The company has a market capitalization of £8.39 billion, a P/E ratio of -39.22, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. Centrica has a 12 month low of GBX 112.99 and a 12 month high of GBX 180.65. The firm’s fifty day simple moving average is GBX 167.10 and its 200-day simple moving average is GBX 161.83. The company has a debt-to-equity ratio of 66.48, a current ratio of 1.77 and a quick ratio of 0.40.

Insider Buying and Selling at Centrica

In related news, insider Philippe Boisseau purchased 1,028 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were purchased at an average cost of GBX 164 per share, with a total value of £1,685.92. Also, insider Sue Whalley acquired 586 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average price of GBX 166 per share, for a total transaction of £972.76. Over the last ninety days, insiders have acquired 4,673 shares of company stock worth $788,765. Insiders own 0.22% of the company’s stock.

Centrica Company Profile

Centrica is energising a greener, fairer future for our colleagues, customers and communities. Our integrated business operates across the energy value chain, with over ten million Retail customers, leading brands such as British Gas and Bord Gáis Energy, and the UK’s largest energy services workforce.