Centrica (LON:CNA) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Centrica (LON:CNA) had its price target upped by investment analysts at JPMorgan Chase & Co. from GBX 177 ($2.40) to GBX 179 ($2.43) in a report released on Friday, MarketBeat reports. The brokerage currently has a “neutral” rating on the integrated energy company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 7.31% from the company’s previous close.

Several other research firms have also recently commented on CNA. Royal Bank Of Canada raised their price target on shares of Centrica from GBX 175 ($2.37) to GBX 200 ($2.71) and gave the stock an “outperform” rating in a report on Tuesday, July 29th. Citigroup restated a “buy” rating and set a GBX 185 ($2.51) price target on shares of Centrica in a report on Friday.

Centrica Stock Performance

Centrica stock opened at GBX 166.80 ($2.26) on Friday. The firm’s 50 day simple moving average is GBX 162.06 and its 200-day simple moving average is GBX 153.18. The company has a market cap of £8.33 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. The company has a debt-to-equity ratio of 66.48, a current ratio of 1.77 and a quick ratio of 0.40. Centrica has a fifty-two week low of GBX 112.99 ($1.53) and a fifty-two week high of GBX 169.65 ($2.30).

Centrica (LON:CNA) last released its earnings results on Thursday, July 24th. The integrated energy company reported GBX 7 ($0.09) earnings per share for the quarter. Centrica had a net margin of 5.39% and a return on equity of 25.16%.

Insider Activity at Centrica

In related news, insider Chris O’Shea sold 770,946 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of GBX 168 ($2.28), for a total transaction of £1,295,189.28 ($1,755,474.76). Also, insider Philippe Boisseau bought 1,035 shares of Centrica stock in a transaction on Friday, July 25th. The stock was acquired at an average price of GBX 163 ($2.21) per share, with a total value of £1,687.05 ($2,286.60). Over the last 90 days, insiders have purchased 4,380 shares of company stock valued at $707,572. 0.20% of the stock is currently owned by corporate insiders.

About Centrica

Centrica is energising a greener, fairer future for our colleagues, customers and communities. Our integrated business operates across the energy value chain, with over ten million Retail customers, leading brands such as British Gas and Bord Gáis Energy, and the UK’s largest energy services workforce.