Citigroup Increases Centrica (LON:CNA) Price Target to GBX 200

Centrica (LON:CNA) had its target price boosted by stock analysts at Citigroup from GBX 185 to GBX 200 in a note issued to investors on Wednesday, MarketBeat reports. The firm currently has a “neutral” rating on the integrated energy company’s stock. Citigroup’s price objective suggests a potential upside of 2.01% from the stock’s previous close.

A number of other brokerages also recently issued reports on CNA. Barclays raised shares of Centrica to an “overweight” rating and boosted their price objective for the company from GBX 180 to GBX 210 in a research report on Thursday, October 16th. Royal Bank Of Canada lifted their target price on shares of Centrica from GBX 200 to GBX 215 and gave the company an “outperform” rating in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Centrica has an average rating of “Moderate Buy” and a consensus target price of GBX 198.80.

Centrica Price Performance

Shares of CNA stock opened at GBX 196.05 on Wednesday. The company has a debt-to-equity ratio of 66.48, a quick ratio of 0.40 and a current ratio of 1.77. Centrica has a fifty-two week low of GBX 132.90 and a fifty-two week high of GBX 196.60. The firm has a market cap of £8.88 billion, a P/E ratio of -42.62, a P/E/G ratio of 0.45 and a beta of 1.08. The business’s 50 day moving average price is GBX 175.87 and its 200-day moving average price is GBX 170.09.

Insider Buying and Selling at Centrica

In other Centrica news, insider Sue Whalley bought 600 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were purchased at an average price of GBX 163 per share, for a total transaction of £978. Also, insider Philippe Boisseau bought 1,116 shares of Centrica stock in a transaction dated Monday, December 29th. The stock was acquired at an average cost of GBX 168 per share, for a total transaction of £1,874.88. Insiders have acquired 5,529 shares of company stock valued at $949,159 in the last three months. 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. Our Infrastructure businesses bring gas and electricity to the market every day and provide more than half of the UK’s gas storage capacity, while our Optimisation business delivers world-class procurement and route-to-market capabilities to the Group and third parties, supporting energy security and our customers’ decarbonisation journeys.