Centrica (LON:CNA) Rating Reiterated by Royal Bank of Canada

Centrica (LON:CNA – Get Rating)‘s stock had its “outperform” rating reaffirmed by Royal Bank of Canada in a research report issued on Thursday, Marketbeat reports. They currently have a GBX 130 ($1.59) price objective on the integrated energy company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 31.74% from the stock’s current price.

Several other equities research analysts also recently commented on the company. Barclays reaffirmed an “overweight” rating and set a GBX 144 ($1.76) target price on shares of Centrica in a report on Friday, November 11th. Citigroup upped their target price on Centrica from GBX 110 ($1.34) to GBX 118 ($1.44) and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 128 ($1.56).

Centrica Trading Up 1.1 %

Shares of LON CNA opened at GBX 98.68 ($1.20) on Thursday. Centrica has a 12 month low of GBX 65.78 ($0.80) and a 12 month high of GBX 99.54 ($1.21). The company has a market cap of £5.78 billion and a price-to-earnings ratio of 986.80. The company has a quick ratio of 0.40, a current ratio of 1.03 and a debt-to-equity ratio of 176.45. The business has a fifty day simple moving average of GBX 93.73 and a 200-day simple moving average of GBX 84.35.

Insider Buying and Selling

In other news, insider Amber Rudd bought 2,014 shares of the company’s stock in a transaction on Wednesday, December 28th. The shares were bought at an average cost of GBX 97 ($1.18) per share, with a total value of £1,953.58 ($2,383.87). In the last ninety days, insiders acquired 7,363 shares of company stock valued at $630,295.

Centrica Company Profile

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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.