Royal Bank Of Canada Increases Centrica (LON:CNA) Price Target to GBX 215

Centrica (LON:CNA) had its price target increased by Royal Bank Of Canada from GBX 200 to GBX 215 in a report 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 target points to a potential upside of 9.67% from the company’s previous close.

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

Centrica Stock Up 2.2%

Shares of CNA opened at GBX 196.05 on Tuesday. The firm has a market cap of £8.88 billion, a P/E ratio of -42.62, a PEG ratio of 0.45 and a beta of 1.08. Centrica has a 12 month low of GBX 132.90 and a 12 month high of GBX 196.60. The stock’s 50 day moving average is GBX 175.36 and its two-hundred day moving average is GBX 169.91. The company has a current ratio of 1.77, a quick ratio of 0.40 and a debt-to-equity ratio of 66.48.

Insider Transactions at Centrica

In other Centrica news, insider Sue Whalley purchased 530 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were purchased at an average cost of GBX 184 per share, with a total value of £975.20. Also, insider Philippe Boisseau purchased 1,021 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were acquired at an average price of GBX 184 per share, for a total transaction of £1,878.64. Insiders bought 5,529 shares of company stock valued at $949,159 over the last quarter. Company 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.