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

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

A number of other research firms have also recently issued reports on CNA. Royal Bank Of Canada boosted their price objective on shares of Centrica from GBX 200 to GBX 215 and gave the company an “outperform” rating in a research report on Tuesday. Barclays upgraded Centrica to an “overweight” rating and boosted their price target for the company from GBX 180 to GBX 210 in a report on Thursday, October 16th. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 198.80.

Centrica Stock Down 1.6%

Shares of LON CNA opened at GBX 190.20 on Wednesday. The firm’s fifty day moving average is GBX 176.27 and its 200 day moving average is GBX 170.32. Centrica has a 52 week low of GBX 132.90 and a 52 week high of GBX 196.60. The company has a quick ratio of 0.40, a current ratio of 1.77 and a debt-to-equity ratio of 66.48. The company has a market cap of £8.60 billion, a price-to-earnings ratio of -41.35, a PEG ratio of 0.45 and a beta of 1.08.

Insider Transactions at Centrica

In related news, insider Philippe Boisseau acquired 1,021 shares of the stock in a transaction on Monday, January 26th. The stock was acquired at an average cost of GBX 184 per share, for a total transaction of £1,878.64. Also, insider Sue Whalley acquired 530 shares of the business’s stock in a transaction on Monday, January 26th. The shares were purchased at an average cost of GBX 184 per share, for a total transaction of £975.20. Insiders have bought a total of 5,529 shares of company stock worth $949,159 in the last ninety days. Insiders own 0.39% 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.