Centrica (LON:CNA) Price Target Raised to GBX 200 at Citigroup

Centrica (LON:CNA) had its target price upped by Citigroup from GBX 185 to GBX 200 in a report issued on Wednesday morning, Marketbeat Ratings reports. Citigroup currently has a neutral rating on the integrated energy company’s stock.

Other analysts have also issued research reports about the company. Barclays upgraded Centrica to an “overweight” rating and upped their price objective for the company from GBX 180 to GBX 210 in a research note on Thursday, October 16th. Royal Bank Of Canada raised their price target on Centrica from GBX 200 to GBX 215 and gave the company an “outperform” rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Centrica has a consensus rating of “Moderate Buy” and a consensus target price of GBX 198.80.

Centrica Stock Up 2.2%

Shares of Centrica stock traded up GBX 4.15 during trading hours on Wednesday, reaching GBX 196.05. 21,671,631 shares of the company’s stock were exchanged, compared to its average volume of 10,802,316. The company has a current ratio of 1.77, a quick ratio of 0.40 and a debt-to-equity ratio of 66.48. The company has a 50 day moving average of GBX 175.36 and a two-hundred day moving average of GBX 169.91. The stock has a market cap of £8.88 billion, a P/E ratio of -42.62, a P/E/G ratio of 0.45 and a beta of 1.08. Centrica has a fifty-two week low of GBX 132.90 and a fifty-two week high of GBX 196.60.

Insider Buying and Selling

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

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. 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.