Centrica (LON:CNA) Downgraded by Citigroup to Neutral

Citigroup downgraded shares of Centrica (LON:CNA) to a neutral rating in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm currently has GBX 185 target price on the integrated energy company’s stock.

Other equities analysts also recently issued research reports about the company. Berenberg Bank boosted their target price on Centrica from GBX 155 to GBX 190 and gave the stock a “buy” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. boosted their price objective on Centrica from GBX 177 to GBX 179 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Barclays upgraded Centrica to an “overweight” rating and upped their price objective for the company from GBX 180 to GBX 210 in a research note on Thursday, October 16th. Finally, Royal Bank Of Canada lifted their target price on Centrica from GBX 175 to GBX 200 and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 185.67.

Centrica Stock Down 0.3%

CNA opened at GBX 176.25 on Tuesday. Centrica has a fifty-two week low of GBX 112.99 and a fifty-two week high of GBX 179.55. The company has a debt-to-equity ratio of 66.48, a current ratio of 1.77 and a quick ratio of 0.40. The company’s 50-day moving average is GBX 166.56 and its 200 day moving average is GBX 161.46. The firm has a market capitalization of £8.20 billion, a P/E ratio of -38.32, a PEG ratio of 0.45 and a beta of 1.08.

Insiders Place Their Bets

In other news, insider Philippe Boisseau purchased 1,028 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was bought at an average price of GBX 164 per share, for a total transaction of £1,685.92. Also, insider Sue Whalley acquired 586 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost of GBX 166 per share, with a total value of £972.76. Insiders have bought a total of 4,673 shares of company stock worth $788,765 in the last ninety days. Insiders own 0.22% of the company’s stock.

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.