Centrica plc (LON:CNA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Centrica plc (LON:CNA) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 221.33.

A number of research analysts have issued reports on CNA shares. JPMorgan Chase & Co. decreased their price target on Centrica from GBX 245 to GBX 235 and set an “overweight” rating for the company in a report on Friday, May 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 225 price objective on shares of Centrica in a research note on Monday, May 11th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 210 target price on shares of Centrica in a research note on Friday, May 8th. Finally, Berenberg Bank boosted their price target on shares of Centrica from GBX 190 to GBX 230 and gave the company a “buy” rating in a research report on Monday, May 18th.

Insider Activity at Centrica

In other news, insider Chris O’Shea acquired 456 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of GBX 202 per share, with a total value of £921.12. Also, insider Frank Mastiaux bought 1,287 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of GBX 175 per share, for a total transaction of £2,252.25. Insiders bought a total of 81,703 shares of company stock worth $16,192,642 over the last ninety days. Company insiders own 0.39% of the company’s stock.

Centrica Trading Up 0.9%

Shares of Centrica stock opened at GBX 175.70 on Wednesday. The firm has a market capitalization of £7.96 billion, a price-to-earnings ratio of -117.13, a PEG ratio of 0.45 and a beta of 0.34. The company has a current ratio of 1.45, a quick ratio of 0.40 and a debt-to-equity ratio of 92.58. The firm’s 50 day simple moving average is GBX 182.39 and its two-hundred day simple moving average is GBX 192.05. Centrica has a 12-month low of GBX 153.20 and a 12-month high of GBX 220.30.

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.