Centrica (LON:CNA) Price Target Cut to GBX 200 by Analysts at Berenberg Bank

Centrica (LON:CNA) had its price target cut by Berenberg Bank from GBX 230 to GBX 200 in a research note issued to investors on Monday morning,Digital Look reports. They currently have a buy rating on the integrated energy company’s stock.

A number of other research analysts have also recently issued reports on CNA. JPMorgan Chase & Co. dropped their target price on shares of Centrica from GBX 245 to GBX 235 and set an “overweight” rating for the company in a report on Friday, May 15th. Jefferies Financial Group reissued a “hold” rating and set a GBX 210 price target on shares of Centrica in a research note on Friday, May 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 225 price target on shares of Centrica in a report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Centrica presently has an average rating of “Moderate Buy” and a consensus price target of GBX 216.33.

Centrica Stock Performance

Shares of CNA opened at GBX 159.80 on Monday. The company has a 50-day simple moving average of GBX 179.91 and a 200-day simple moving average of GBX 191.85. The company has a quick ratio of 0.40, a current ratio of 1.43 and a debt-to-equity ratio of 80.68. The company has a market capitalization of £7.24 billion, a PE ratio of -106.53, a P/E/G ratio of 0.45 and a beta of 0.34. Centrica has a 52-week low of GBX 153.60 and a 52-week high of GBX 220.30.

Centrica (LON:CNA) last announced its quarterly earnings data on Thursday, July 23rd. The integrated energy company reported GBX 6.80 EPS for the quarter. Centrica had a net margin of 3.64% and a return on equity of 21.92%.

Insider Buying and Selling

In other news, insider Sue Whalley acquired 600 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was acquired at an average price of GBX 162 per share, with a total value of £972. Also, insider Alessandra Pasini bought 26,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of GBX 201 per share, for a total transaction of £52,260. Insiders bought 82,011 shares of company stock worth $16,165,442 in the last 90 days. 0.39% 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. 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.