JPMorgan Chase & Co. Reiterates Overweight Rating for Centrica (LON:CNA)

Centrica (LON:CNA – Get Rating)‘s stock had its “overweight” rating reissued by research analysts at JPMorgan Chase & Co. in a research note issued on Friday, LSE.Co.UK reports.

Several other research firms also recently commented on CNA. Citigroup reissued a “buy” rating and issued a GBX 100 ($1.23) target price on shares of Centrica in a report on Thursday, March 3rd. Royal Bank of Canada boosted their target price on Centrica from GBX 90 ($1.11) to GBX 125 ($1.54) and gave the stock an “outperform” rating in a report on Monday. Barclays boosted their target price on Centrica from GBX 112 ($1.38) to GBX 123 ($1.52) and gave the stock an “overweight” rating in a report on Monday. Morgan Stanley reaffirmed an “overweight” rating on shares of Centrica in a report on Wednesday, May 11th. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Centrica in a report on Thursday, February 24th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 97.83 ($1.21).

Centrica stock opened at GBX 88.66 ($1.09) on Friday. 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’s fifty day simple moving average is GBX 79.76 and its two-hundred day simple moving average is GBX 74.04. Centrica has a 12 month low of GBX 45.21 ($0.56) and a 12 month high of GBX 89.21 ($1.10). The company has a market capitalization of £5.23 billion and a price-to-earnings ratio of 4.33.

In other Centrica news, insider Kate Ringrose sold 66,043 shares of the stock in a transaction dated Friday, April 1st. The stock was sold at an average price of GBX 79 ($0.97), for a total value of £52,173.97 ($64,317.02). Also, insider Amber Rudd bought 2,279 shares of the stock in a transaction on Friday, March 25th. The stock was purchased at an average cost of GBX 82 ($1.01) per share, for a total transaction of £1,868.78 ($2,303.72). Over the last ninety days, insiders have bought 5,105 shares of company stock worth $407,858.

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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