Centrica (LON:CNA) Price Target Raised to GBX 215

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

Several other research firms have also recently weighed in on CNA. Barclays raised shares of Centrica to an “overweight” rating and boosted their price objective for the company from GBX 180 to GBX 210 in a report on Thursday, October 16th. Citigroup downgraded shares of Centrica to a “neutral” rating and set a GBX 185 target price for the company. in a research report on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 195.80.

Centrica Price Performance

LON CNA opened at GBX 189.90 on Tuesday. Centrica has a one year low of GBX 132.90 and a one year high of GBX 193.05. The stock has a 50-day moving average of GBX 174.21 and a 200 day moving average of GBX 169.45. 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 company 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.

Insiders Place Their Bets

In related news, insider Sue Whalley purchased 530 shares of Centrica stock in a transaction on Monday, January 26th. The stock was acquired at an average price of GBX 184 per share, for a total transaction of £975.20. Also, insider Philippe Boisseau acquired 1,021 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was bought at an average cost of GBX 184 per share, for a total transaction of £1,878.64. In the last three months, insiders have bought 5,529 shares of company stock valued at $949,159. 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. 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.