Centrica plc (LON:CNA) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Centrica plc (LON:CNA – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 216.33.

A number of research firms have issued reports on CNA. Berenberg Bank reduced their target price on shares of Centrica from GBX 230 to GBX 200 and set a “buy” rating for the company in a research note on Monday, July 27th. Jefferies Financial Group restated a “hold” rating and set a GBX 210 price target on shares of Centrica in a research note on Friday, May 8th. JPMorgan Chase & Co. cut their price target on shares of Centrica from GBX 245 to GBX 235 and set an “overweight” rating on the stock in a report on Friday, May 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 225 price objective on shares of Centrica in a report on Monday, May 11th.

Get Centrica alerts:

Check Out Our Latest Stock Analysis on Centrica

Insiders Place Their Bets

In related news, insider Frank Mastiaux purchased 1,384 shares of Centrica stock in a transaction on Monday, July 27th. The stock was bought at an average price of GBX 162 per share, with a total value of £2,242.08. Also, insider Jonathan Howell purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of GBX 197 per share, with a total value of £98,500. Insiders purchased 55,450 shares of company stock valued at $10,816,909 over the last quarter. Insiders own 0.39% of the company’s stock.

Centrica Stock Up 0.7%

Shares of Centrica stock opened at GBX 155.95 on Friday. The firm has a market cap of £7.06 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 0.45 and a beta of 0.32. The stock has a 50-day simple moving average of GBX 168.89 and a 200-day simple moving average of GBX 189.24. Centrica has a 52-week low of GBX 151.45 and a 52-week high of GBX 220.30. The company has a debt-to-equity ratio of 80.68, a current ratio of 1.43 and a quick ratio of 0.40.

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

About Centrica

(Get Free Report)

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.

See Also

• Five stocks we like better than Centrica
• Is Best Buy the AI Winner Hiding in the Electronics Aisle?
• Applied Materials Beat Everything but Wall Street’s Expectations for Margins
• Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
• Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing

Receive News & Ratings for Centrica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrica and related companies with MarketBeat.com's FREE daily email newsletter.