Centrica plc (LON:CNA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Centrica plc (LON:CNA) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 221.33.

Several analysts recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and set a GBX 225 price target on shares of Centrica in a report on Monday, May 11th. Citigroup increased their price target on Centrica from GBX 200 to GBX 218 and gave the company a “buy” rating in a report on Wednesday, March 11th. Berenberg Bank increased their price target on Centrica from GBX 190 to GBX 230 and gave the company a “buy” rating in a report on Monday, May 18th. JPMorgan Chase & Co. decreased their price target on Centrica from GBX 245 to GBX 235 and set an “overweight” rating on the stock in a report on Friday, May 15th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 210 target price on shares of Centrica in a research note on Friday, May 8th.

Insiders Place Their Bets

In other Centrica news, insider Sue Whalley bought 490 shares of Centrica stock in a transaction on Tuesday, May 26th. The shares were acquired at an average price of GBX 199 per share, for a total transaction of £975.10. Also, insider Chris O’Shea bought 456 shares of Centrica stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of GBX 202 per share, for a total transaction of £921.12. Over the last 90 days, insiders have bought 81,758 shares of company stock valued at $16,207,767. Insiders own 0.39% of the company’s stock.

Centrica Stock Performance

LON:CNA opened at GBX 176.10 on Friday. The stock’s fifty day moving average is GBX 194.12 and its 200 day moving average is GBX 191.39. Centrica has a fifty-two week low of GBX 152.45 and a fifty-two week high of GBX 220.30. The firm has a market capitalization of £7.98 billion, a PE ratio of -117.40, a PEG ratio of 0.45 and a beta of 0.35. The company has a debt-to-equity ratio of 92.58, a quick ratio of 0.40 and a current ratio of 1.45.

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.