Centrica plc (LON:CNA) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Centrica plc (LON:CNA) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 185.67.

CNA has been the subject of a number of analyst reports. Royal Bank Of Canada increased their target price on shares of Centrica from GBX 175 to GBX 200 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Berenberg Bank raised their price objective on Centrica from GBX 155 to GBX 190 and gave the stock a “buy” rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. upped their target price on Centrica from GBX 177 to GBX 179 and gave the company a “neutral” rating in a research report on Friday, August 15th. Citigroup cut Centrica to a “neutral” rating and set a GBX 185 price target for the company. in a research note on Tuesday, October 28th. Finally, Barclays upgraded Centrica to an “overweight” rating and boosted their price target for the stock from GBX 180 to GBX 210 in a research note on Thursday, October 16th.

Insiders Place Their Bets

In other Centrica news, insider Philippe Boisseau acquired 949 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was acquired at an average cost of GBX 177 per share, for a total transaction of £1,679.73. Also, insider Chris O’Shea acquired 247 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was acquired at an average price of GBX 177 per share, for a total transaction of £437.19. In the last 90 days, insiders bought 4,813 shares of company stock valued at $815,911. 0.38% of the stock is owned by company insiders.

Centrica Price Performance

Shares of CNA stock opened at GBX 173.60 on Monday. Centrica has a twelve month low of GBX 115.25 and a twelve month high of GBX 180.80. The stock has a fifty day simple moving average of GBX 168.73 and a two-hundred day simple moving average of GBX 163.17. The stock has a market capitalization of £8.01 billion, a price-to-earnings ratio of -37.74, a P/E/G ratio of 0.45 and a beta of 1.08. The company has a current ratio of 1.77, a quick ratio of 0.40 and a debt-to-equity ratio of 66.48.

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.