Centrica (LON:CNA) Price Target Lowered to GBX 235 at JPMorgan Chase & Co.

Centrica (LON:CNA – Free Report) had its price objective trimmed by JPMorgan Chase & Co. from GBX 245 to GBX 235 in a research note published on Friday morning, MarketBeat reports. The brokerage currently has an overweight rating on the integrated energy company’s stock.

Several other research analysts have also recently issued reports on the stock. Citigroup upped their target price on shares of Centrica from GBX 200 to GBX 218 and gave the company a “buy” rating in a report on Wednesday, March 11th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 210 price target on shares of Centrica in a research report on Friday, May 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 225 price objective on shares of Centrica in a report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 214.67.

Get Centrica alerts:

Read Our Latest Stock Report on Centrica

Centrica Trading Down 6.3%

CNA opened at GBX 189.50 on Friday. The company has a debt-to-equity ratio of 98.77, a quick ratio of 0.40 and a current ratio of 1.45. Centrica has a one year low of GBX 148 and a one year high of GBX 220.30. The company has a market cap of £8.58 billion, a P/E ratio of -126.33, a PEG ratio of 0.45 and a beta of 0.36. The business’s 50-day simple moving average is GBX 206.46 and its 200-day simple moving average is GBX 188.20.

Centrica (LON:CNA – Get Free Report) last announced its quarterly earnings results on Friday, February 20th. The integrated energy company reported GBX 11.20 earnings per share (EPS) for the quarter. Centrica had a return on equity of 1.68% and a net margin of 0.37%.

Insider Buying and Selling

In other news, insider Chris O’Shea sold 609,412 shares of Centrica stock in a transaction that occurred on Monday, March 23rd. The shares were 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 the business’s 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. In the last 90 days, insiders bought 37,421 shares of company stock valued at $7,442,043 and sold 1,273,167 shares valued at $254,633,400. 0.39% of the stock is currently owned by corporate insiders.

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.

Featured Stories

• Five stocks we like better than Centrica
• Viking Sails to All-Time Highs—Fundamentals Signal More to Come
• Datavalut Gains Traction: 5 Reasons to Sell Now
• TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
• The Power Grid Is Dying—Is It Time to Buy Its Replacement?

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.