Citigroup Boosts Centrica (LON:CNA) Price Target to GBX 200

Centrica (LON:CNA) had its price target lifted by research analysts at Citigroup from GBX 185 to GBX 200 in a research note issued on Wednesday, MarketBeat reports. The firm currently has a “neutral” rating on the integrated energy company’s stock. Citigroup’s price target points to a potential upside of 2.01% from the company’s current price.

Several other equities analysts have also weighed in on CNA. Royal Bank Of Canada increased their price objective on shares of Centrica from GBX 200 to GBX 215 and gave the company an “outperform” rating in a report on Tuesday. Barclays upgraded shares of Centrica to an “overweight” rating and upped their target price for the company from GBX 180 to GBX 210 in a research report on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Centrica currently has an average rating of “Moderate Buy” and a consensus target price of GBX 198.80.

Centrica Trading Up 2.2%

Centrica stock traded up GBX 4.15 during mid-day trading on Wednesday, hitting GBX 196.05. The stock had a trading volume of 21,671,631 shares, compared to its average volume of 10,802,316. The stock has a 50-day simple moving average of GBX 175.36 and a two-hundred day simple moving average of 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. The stock has a market capitalization of £8.88 billion, a PE ratio of -42.62, a P/E/G 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.

Insiders Place Their Bets

In other news, insider Sue Whalley acquired 600 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was acquired at an average price of GBX 163 per share, for a total transaction of £978. Also, insider Philippe Boisseau acquired 1,116 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The shares were acquired at an average cost of GBX 168 per share, for a total transaction of £1,874.88. Over the last three months, insiders have bought 5,529 shares of company stock worth $949,159. 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.