Centrica (LON:CNA) Price Target Lowered to GBX 121 at Barclays

Centrica (LON:CNA – Get Rating) had its price objective decreased by Barclays from GBX 123 ($1.55) to GBX 121 ($1.52) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has an “overweight” rating on the integrated energy company’s stock. Barclays‘s price objective points to a potential upside of 57.22% from the company’s current price.

Other analysts have also issued research reports about the stock. Royal Bank of Canada upped their target price on shares of Centrica from GBX 90 ($1.13) to GBX 125 ($1.57) and gave the stock an “outperform” rating in a report on Monday, May 16th. Morgan Stanley reiterated an “overweight” rating on shares of Centrica in a research report on Wednesday, May 11th. Citigroup restated a “buy” rating and set a GBX 105 ($1.32) target price on shares of Centrica in a research report on Monday, May 23rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Centrica in a report on Friday, May 20th. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Centrica in a research note on Thursday, February 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 98.33 ($1.24).

CNA stock opened at GBX 76.96 ($0.97) on Friday. The stock has a 50-day simple moving average of GBX 80.41 and a two-hundred day simple moving average of GBX 75.05. Centrica has a twelve month low of GBX 45.21 ($0.57) and a twelve month high of GBX 89.60 ($1.13). The firm has a market capitalization of £4.54 billion and a PE ratio of 3.74. The company has a quick ratio of 0.55, a current ratio of 1.11 and a debt-to-equity ratio of 168.84.

In related news, insider Kate Ringrose sold 98,696 shares of the firm’s stock in a transaction dated Monday, March 28th. The stock was sold at an average price of GBX 83 ($1.04), for a total value of £81,917.68 ($103,080.01). Also, insider Amber Rudd purchased 2,217 shares of the stock in a transaction on Wednesday, May 25th. The shares were acquired at an average cost of GBX 86 ($1.08) per share, with a total value of £1,906.62 ($2,399.17). In the last three months, insiders bought 7,322 shares of company stock valued at $598,520.

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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