Centrica (LON:CNA) Given New GBX 218 Price Target at Citigroup

Centrica (LON:CNA) had its target price increased by Citigroup from GBX 200 to GBX 218 in a report published on Wednesday morning, MarketBeat reports. Citigroup currently has a buy rating on the integrated energy company’s stock.

Separately, Royal Bank Of Canada lifted their price target on Centrica from GBX 200 to GBX 215 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 202.40.

Centrica Price Performance

LON:CNA opened at GBX 200.60 on Wednesday. Centrica has a 1-year low of GBX 137.55 and a 1-year high of GBX 201.70. The company has a 50-day moving average of GBX 188.11 and a 200 day moving average of GBX 175.18. The firm has a market cap of £9.07 billion, a PE ratio of -133.73, a price-to-earnings-growth ratio of 0.45 and a beta of 0.48. The company has a debt-to-equity ratio of 98.77, a current ratio of 1.45 and a quick ratio of 0.40.

Centrica (LON:CNA) last posted its quarterly earnings results on Friday, February 20th. The integrated energy company reported GBX 11.20 EPS for the quarter. Centrica had a net margin of 0.37% and a return on equity of 1.68%.

Insider Activity

In other news, insider Sue Whalley purchased 513 shares of the stock in a transaction on Wednesday, February 25th. The stock was bought at an average price of GBX 190 per share, with a total value of £974.70. Also, insider Frank Mastiaux purchased 7,544 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were purchased at an average price of GBX 190 per share, for a total transaction of £14,333.60. Insiders have purchased 11,702 shares of company stock valued at $2,175,965 over the last ninety days. 0.39% of the stock is currently owned by insiders.

Centrica Company Profile

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.