JPMorgan Chase & Co. Issues Pessimistic Forecast for Centrica (LON:CNA) Stock Price

Centrica (LON:CNA) had its target price lowered by research analysts at JPMorgan Chase & Co. from GBX 245 to GBX 235 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm currently has an “overweight” rating on the integrated energy company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 23.52% from the company’s current price.

CNA has been the topic of a number of other research reports. Citigroup increased their price objective on Centrica from GBX 200 to GBX 218 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 210 price target on shares of Centrica in a research report on Friday, May 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 225 price target on shares of Centrica in a report on Monday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 214.67.

Centrica Stock Performance

CNA stock traded down GBX 11.95 during midday trading on Friday, reaching GBX 190.25. 272,803,031 shares of the company’s stock traded hands, compared to its average volume of 39,842,094. The company has a 50-day moving average price of GBX 206.52 and a two-hundred day moving average price of GBX 188.19. The company has a debt-to-equity ratio of 98.77, a quick ratio of 0.40 and a current ratio of 1.45. Centrica has a 52 week low of GBX 148 and a 52 week high of GBX 220.30. The firm has a market capitalization of £8.62 billion, a PE ratio of -126.83, a price-to-earnings-growth ratio of 0.45 and a beta of 0.36.

Centrica (LON:CNA) last posted its quarterly earnings results on Friday, February 20th. The integrated energy company reported GBX 11.20 EPS for the quarter. Centrica had a return on equity of 1.68% and a net margin of 0.37%.

Insider Buying and Selling

In other Centrica news, insider Frank Mastiaux bought 1,208 shares of Centrica stock in a transaction that occurred on Monday, April 27th. The stock was acquired at an average cost of GBX 208 per share, for a total transaction of £2,512.64. Also, insider Chris O’Shea sold 327,270 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of GBX 200, for a total value of £654,540. In the last ninety days, insiders have bought 37,421 shares of company stock valued at $7,442,043 and have sold 1,273,167 shares valued at $254,633,400. 0.39% of the stock is currently owned by corporate 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.