Centrica (LON:CNA) Price Target Raised to GBX 218

Centrica (LON:CNA) had its price objective upped by Citigroup from GBX 200 to GBX 218 in a research report sent to investors on Wednesday, MarketBeat reports. Citigroup currently has a buy rating on the integrated energy company’s stock.

Separately, Royal Bank Of Canada boosted their price objective on Centrica from GBX 200 to GBX 215 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Centrica currently has a consensus rating of “Moderate Buy” and an average target price of GBX 202.40.

Centrica Stock Up 0.2%

CNA stock opened at GBX 207.30 on Wednesday. Centrica has a twelve month low of GBX 137.55 and a twelve month high of GBX 210. The company has a quick ratio of 0.40, a current ratio of 1.45 and a debt-to-equity ratio of 98.77. The company has a market cap of £9.37 billion, a PE ratio of -138.20, a price-to-earnings-growth ratio of 0.45 and a beta of 0.48. The business’s 50-day simple moving average is GBX 189.51 and its 200 day simple moving average is GBX 175.68.

Centrica (LON:CNA) last posted its quarterly earnings results on Friday, February 20th. The integrated energy company reported GBX 11.20 EPS for the quarter. Centrica had a return on equity of 1.68% and a net margin of 0.37%.

Insider Activity at Centrica

In other Centrica news, insider Philippe Boisseau purchased 1,021 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was purchased at an average price of GBX 184 per share, with a total value of £1,878.64. Also, insider Sue Whalley purchased 513 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were acquired at an average price of GBX 190 per share, with a total value of £974.70. Insiders have acquired a total of 11,702 shares of company stock valued at $2,175,965 over the last quarter. 0.39% of the stock is owned by company 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.