Shares of Centrica plc (LON:CNA – Get Rating) have been given a consensus recommendation of “Buy” by the six brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 116 ($1.43).
CNA has been the subject of a number of research reports. Barclays lifted their price target on shares of Centrica from GBX 112 ($1.38) to GBX 123 ($1.52) and gave the company an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Centrica in a research report on Friday. Berenberg Bank restated a “hold” rating on shares of Centrica in a research report on Thursday, February 24th. Royal Bank of Canada lifted their price objective on Centrica from GBX 90 ($1.11) to GBX 125 ($1.54) and gave the stock an “outperform” rating in a research report on Monday. Finally, Citigroup restated a “buy” rating and set a GBX 100 ($1.23) price objective on shares of Centrica in a research report on Thursday, March 3rd.
In other Centrica news, insider Kate Ringrose sold 98,696 shares of the business’s 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 ($100,983.33). Also, insider Amber Rudd purchased 2,449 shares of the business’s stock in a transaction on Monday, April 25th. The stock was acquired at an average price of GBX 78 ($0.96) per share, with a total value of £1,910.22 ($2,354.81). Insiders have purchased a total of 5,105 shares of company stock valued at $407,858 over the last 90 days.
Centrica Company Profile (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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