Centrica (LON:CNA – Get Free Report) issued its earnings results on Thursday. The integrated energy company reported GBX 6.80 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Centrica had a return on equity of 1.68% and a net margin of 0.37%.
Centrica Stock Down 8.2%
Shares of Centrica stock opened at GBX 165 on Thursday. Centrica has a 1 year low of GBX 153.20 and a 1 year high of GBX 220.30. The business has a 50-day moving average of GBX 181.94 and a two-hundred day moving average of GBX 192.11. The company has a market capitalization of £7.47 billion, a P/E ratio of -110.00, a price-to-earnings-growth ratio of 0.45 and a beta of 0.34. The company has a debt-to-equity ratio of 92.58, a current ratio of 1.45 and a quick ratio of 0.40.
Wall Street Analysts Forecast Growth
CNA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Centrica from GBX 245 to GBX 235 and set an “overweight” rating for the company in a research note on Friday, May 15th. Jefferies Financial Group reissued a “hold” rating and set a GBX 210 price objective on shares of Centrica in a research note on Friday, May 8th. Berenberg Bank boosted their price objective on shares of Centrica from GBX 190 to GBX 230 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 225 target price on shares of Centrica in a research note on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 221.33.
Insider Buying and Selling at Centrica
In other Centrica news, insider Chris OShea bought 456 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of GBX 202 per share, with a total value of £921.12. Also, insider Jonathan Howell bought 50,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of GBX 197 per share, for a total transaction of £98,500. Insiders have purchased a total of 81,703 shares of company stock worth $16,192,642 over the last three months. Company insiders own 0.39% of the company’s stock.
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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