Centrica (LON:CNA) PT Raised to GBX 123

Centrica (LON:CNAGet Rating) had its price objective upped by analysts at Barclays from GBX 112 ($1.38) to GBX 123 ($1.52) in a research report issued on Monday, LSE.Co.UK reports. The firm presently has an “overweight” rating on the integrated energy company’s stock. Barclays‘s target price would indicate a potential upside of 54.29% from the company’s previous close.

Several other equities research analysts have also recently commented on CNA. Morgan Stanley restated an “overweight” rating on shares of Centrica in a research note on Wednesday, May 11th. Berenberg Bank restated a “hold” rating on shares of Centrica in a research note on Thursday, February 24th. Citigroup restated a “buy” rating and set a GBX 100 ($1.23) price target on shares of Centrica in a research note on Thursday, March 3rd. JPMorgan Chase & Co. upped their price target on Centrica from GBX 87 ($1.07) to GBX 94 ($1.16) and gave the stock an “overweight” rating in a research note on Thursday, March 3rd. Finally, Royal Bank of Canada upped their price target on Centrica from GBX 90 ($1.11) to GBX 125 ($1.54) and gave the stock an “outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 97.83 ($1.21).

CNA stock opened at GBX 79.72 ($0.98) on Monday. Centrica has a twelve month low of GBX 45.21 ($0.56) and a twelve month high of GBX 84.78 ($1.05). The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 168.84. The business has a 50 day simple moving average of GBX 79.05 and a 200-day simple moving average of GBX 73.55. The company has a market capitalization of £4.70 billion and a P/E ratio of 3.88.

In other Centrica news, insider Amber Rudd bought 2,449 shares of Centrica stock in a transaction on Monday, April 25th. The stock was bought at an average price of GBX 78 ($0.96) per share, with a total value of £1,910.22 ($2,355.10). Also, insider Kate Ringrose sold 98,696 shares of Centrica stock in a transaction on Monday, March 28th. The stock was sold at an average price of GBX 83 ($1.02), for a total value of £81,917.68 ($100,995.78). In the last three months, insiders acquired 5,105 shares of company stock valued at $407,858.

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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Analyst Recommendations for Centrica (LON:CNA)

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