Centrica plc (LON:CNA) Receives GBX 221.33 Average PT from Analysts

Shares of Centrica plc (LON:CNA) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 221.33.

Several research firms have recently issued reports on CNA. Royal Bank Of Canada restated an “outperform” rating and set a GBX 225 target price on shares of Centrica in a research report on Monday, May 11th. Jefferies Financial Group reissued a “hold” rating and set a GBX 210 price objective on shares of Centrica in a research note on Friday, May 8th. JPMorgan Chase & Co. reduced their price objective on shares of Centrica from GBX 245 to GBX 235 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Citigroup boosted their price objective on shares of Centrica from GBX 200 to GBX 218 and gave the company a “buy” rating in a report on Wednesday, March 11th. Finally, Berenberg Bank upped their target price on shares of Centrica from GBX 190 to GBX 230 and gave the company a “buy” rating in a research note on Monday, May 18th.

Insider Buying and Selling

In other Centrica news, insider Chris O?Shea bought 456 shares of Centrica stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of GBX 202 per share, for a total transaction of £921.12. Also, insider Jonathan Howell bought 50,000 shares of Centrica stock in a transaction on Wednesday, May 20th. The shares were acquired at an average price of GBX 197 per share, for a total transaction of £98,500. Insiders have acquired 81,758 shares of company stock worth $16,207,767 over the last ninety days. Insiders own 0.39% of the company’s stock.

Centrica Trading Up 1.1%

LON:CNA opened at GBX 173.20 on Friday. Centrica has a 1-year low of GBX 152.45 and a 1-year high of GBX 220.30. The business’s 50-day moving average price is GBX 190.60 and its two-hundred day moving average price is GBX 191.52. The company has a current ratio of 1.45, a quick ratio of 0.40 and a debt-to-equity ratio of 92.58. The firm has a market capitalization of £7.84 billion, a price-to-earnings ratio of -115.47, a PEG ratio of 0.45 and a beta of 0.35.

About Centrica

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. Our Infrastructure businesses bring gas and electricity to the market every day and provide more than half of the UK’s gas storage capacity, while our Optimisation business delivers world-class procurement and route-to-market capabilities to the Group and third parties, supporting energy security and our customers’ decarbonisation journeys.