Centrica (LON:CNA) Stock Rating Reaffirmed by Barclays

Barclays reaffirmed their overweight rating on shares of Centrica (LON:CNA – Get Rating) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. They currently have a GBX 112 ($1.46) price target on the integrated energy company’s stock.

A number of other research firms have also weighed in on CNA. JPMorgan Chase & Co. raised their target price on shares of Centrica from GBX 87 ($1.13) to GBX 94 ($1.22) and gave the company an overweight rating in a report on Thursday, March 3rd. Morgan Stanley reaffirmed an overweight rating on shares of Centrica in a report on Friday, March 25th. Citigroup restated a buy rating and set a GBX 100 ($1.30) price objective on shares of Centrica in a research report on Thursday, March 3rd. Berenberg Bank reissued a hold rating on shares of Centrica in a research report on Thursday, February 24th. Finally, Royal Bank of Canada raised their price target on Centrica from GBX 75 ($0.98) to GBX 90 ($1.17) and gave the stock an outperform rating in a research report on Tuesday, January 25th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Centrica currently has an average rating of Buy and a consensus price target of GBX 90.17 ($1.17).

LON:CNA opened at GBX 78.20 ($1.02) on Wednesday. The company has a market cap of £4.61 billion and a price-to-earnings ratio of 3.88. Centrica has a 1 year low of GBX 45.21 ($0.59) and a 1 year high of GBX 84.78 ($1.10). The stock’s 50 day simple moving average is GBX 78.12 and its two-hundred day simple moving average is GBX 70.18. The company has a debt-to-equity ratio of 168.84, a current ratio of 1.11 and a quick ratio of 0.55.

In related news, insider Amber Rudd purchased 2,279 shares of the firm’s stock in a transaction dated Friday, March 25th. The stock was purchased at an average price of GBX 82 ($1.07) per share, with a total value of £1,868.78 ($2,435.21). Also, insider Kate Ringrose sold 66,043 shares of the stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of GBX 79 ($1.03), for a total value of £52,173.97 ($67,987.97). In the last quarter, insiders acquired 2,845 shares of company stock worth $231,767.

About Centrica (Get Rating)

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Energy Marketing & Trading, and Upstream segments.

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