Berenberg Bank Forecasts Strong Price Appreciation for Centrica (LON:CNA) Stock

Centrica (LON:CNA) had its price target raised by research analysts at Berenberg Bank from GBX 155 to GBX 190 in a research report issued on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the integrated energy company’s stock. Berenberg Bank’s target price would indicate a potential upside of 18.49% from the stock’s previous close.

CNA has been the topic of several other research reports. Royal Bank Of Canada boosted their price objective on Centrica from GBX 175 to GBX 200 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. Citigroup restated a “buy” rating and set a GBX 185 price objective on shares of Centrica in a report on Friday, August 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Centrica from GBX 177 to GBX 179 and gave the stock a “neutral” rating in a report on Friday, August 15th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 180.80.

Centrica Price Performance

Shares of LON CNA opened at GBX 160.35 on Thursday. Centrica has a twelve month low of GBX 112.99 and a twelve month high of GBX 169.65. The company has a current ratio of 1.77, a quick ratio of 0.40 and a debt-to-equity ratio of 66.48. The company has a market capitalization of £7.55 billion, a price-to-earnings ratio of -3,485.87, a PEG ratio of 0.45 and a beta of 1.08. The firm has a 50-day moving average of GBX 160.56 and a two-hundred day moving average of GBX 155.82.

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

Insider Transactions at Centrica

In other news, insider Chris O’Shea sold 770,946 shares of the company’s stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of GBX 168, for a total value of £1,295,189.28. Also, insider Philippe Boisseau bought 1,035 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was acquired at an average price of GBX 163 per share, for a total transaction of £1,687.05. Insiders bought a total of 3,645 shares of company stock worth $595,896 in the last quarter. 0.34% of the stock is 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.