Centrica (LON:CNA – Get Free Report) had its target price lifted by investment analysts at Berenberg Bank from GBX 190 to GBX 230 in a note issued to investors on Monday,Digital Look reports. The brokerage currently has a “buy” rating on the integrated energy company’s stock. Berenberg Bank’s target price would indicate a potential upside of 18.77% from the stock’s current price.
Several other equities research analysts have also commented on CNA. Citigroup boosted their price target on Centrica from GBX 200 to GBX 218 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. 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. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 225 price target on shares of Centrica in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. decreased their price target on Centrica from GBX 245 to GBX 235 and set an “overweight” rating on the stock in a research note on Friday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Centrica has an average rating of “Moderate Buy” and a consensus target price of GBX 221.33.
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Centrica Price Performance
Centrica (LON:CNA – Get Free Report) last announced its quarterly earnings results on Friday, February 20th. The integrated energy company reported GBX 11.20 EPS for the quarter. Centrica had a return on equity of 1.68% and a net margin of 0.37%.
Insider Activity
In related news, insider Chris OShea sold 609,412 shares of Centrica stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 200, for a total transaction of £1,218,824. Also, insider Russell O’Brien sold 336,485 shares of Centrica stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 200, for a total value of £672,970. Over the last three months, insiders acquired 37,421 shares of company stock worth $7,442,043 and sold 1,273,167 shares worth $254,633,400. 0.39% of the stock is currently owned by company 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.
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