Royal Bank Of Canada Forecasts Strong Price Appreciation for Centrica (LON:CNA) Stock

Centrica (LON:CNA) had its price target increased by equities research analysts at Royal Bank Of Canada from GBX 200 to GBX 215 in a research note issued on Tuesday, MarketBeat reports. The brokerage currently has an “outperform” rating on the integrated energy company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 13.22% from the stock’s current price.

CNA has been the topic of several other reports. Barclays raised Centrica to an “overweight” rating and lifted their target price for the stock from GBX 180 to GBX 210 in a report on Thursday, October 16th. Citigroup downgraded Centrica to a “neutral” rating and set a GBX 185 price objective on the stock. in a research note on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating and two have assigned 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 195.80.

Centrica Stock Performance

CNA opened at GBX 189.90 on Tuesday. The company has a debt-to-equity ratio of 66.48, a quick ratio of 0.40 and a current ratio of 1.77. The stock has a market capitalization of £8.60 billion, a price-to-earnings ratio of -41.28, a PEG ratio of 0.45 and a beta of 1.08. The company has a fifty day moving average of GBX 174.21 and a 200 day moving average of GBX 169.45. Centrica has a fifty-two week low of GBX 132.90 and a fifty-two week high of GBX 193.05.

Insider Activity at Centrica

In other news, insider Sue Whalley bought 600 shares of Centrica stock in a transaction dated Tuesday, November 25th. The shares were acquired at an average price of GBX 163 per share, with a total value of £978. Also, insider Philippe Boisseau bought 1,116 shares of the stock in a transaction dated Monday, December 29th. The stock was purchased at an average price of GBX 168 per share, with a total value of £1,874.88. In the last three months, insiders have bought 5,529 shares of company stock worth $949,159. Corporate insiders own 0.22% of the company’s stock.

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.