Centrica plc (LON:CNA) Receives Average Rating of “Moderate Buy” from Brokerages

Centrica plc (LON:CNA) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 221.33.

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

Centrica Price Performance

Shares of LON CNA opened at GBX 163 on Wednesday. Centrica has a 1-year low of GBX 153.60 and a 1-year high of GBX 220.30. The company has a debt-to-equity ratio of 80.68, a current ratio of 1.43 and a quick ratio of 0.40. The business’s fifty day moving average price is GBX 180.60 and its two-hundred day moving average price is GBX 191.96. The firm has a market capitalization of £7.38 billion, a PE ratio of -108.67, a P/E/G ratio of 0.45 and a beta of 0.34.

Centrica (LON:CNA) last posted its earnings results on Thursday, July 23rd. The integrated energy company reported GBX 6.80 earnings per share (EPS) for the quarter. Centrica had a return on equity of 21.92% and a net margin of 3.64%.

Insider Activity

In other Centrica news, insider Russell O’Brien purchased 151 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of GBX 202 per share, with a total value of £305.02. Also, insider Jonathan Howell purchased 50,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of GBX 197 per share, for a total transaction of £98,500. Insiders have purchased 80,027 shares of company stock worth $15,844,034 over the last ninety days. 0.39% of the stock is currently 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.