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

Centrica (LON:CNA) had its price objective lifted by Royal Bank Of Canada from GBX 200 to GBX 215 in a report released on Tuesday morning, Marketbeat Ratings reports. They currently have an outperform rating on the integrated energy company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Citigroup cut shares of Centrica to a “neutral” rating and set a GBX 185 price objective on the stock. in a research report on Tuesday, October 28th. Barclays upgraded shares of Centrica to an “overweight” rating and boosted their price target for the stock from GBX 180 to GBX 210 in a research note on Thursday, October 16th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Centrica presently has a consensus rating of “Moderate Buy” and an average price target of GBX 198.80.

Centrica Stock Up 2.2%

Shares of CNA opened at GBX 196.05 on Tuesday. The business’s 50 day moving average is GBX 175.87 and its 200 day moving average is GBX 170.09. The company has a current ratio of 1.77, a quick ratio of 0.40 and a debt-to-equity ratio of 66.48. Centrica has a 12-month low of GBX 132.90 and a 12-month high of GBX 196.60. The company has a market capitalization of £8.88 billion, a PE ratio of -42.62, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08.

Insider Buying and Selling at Centrica

In other Centrica news, insider Sue Whalley purchased 600 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average price of GBX 163 per share, with a total value of £978. Also, insider Philippe Boisseau purchased 1,116 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The stock was bought at an average price of GBX 168 per share, with a total value of £1,874.88. Insiders have acquired 5,529 shares of company stock valued at $949,159 in the last quarter. 0.22% of the stock is owned by company insiders.

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.