Centrica (LON:CNA) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Centrica (LON:CNA) had its price target lifted by investment analysts at Berenberg Bank from GBX 190 to GBX 230 in a report issued on Monday,Digital Look reports. The firm presently has a “buy” rating on the integrated energy company’s stock. Berenberg Bank’s price objective suggests a potential upside of 18.77% from the stock’s current price.

A number of other research firms have also recently commented on CNA. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 225 target price on shares of Centrica in a research report on Monday, May 11th. JPMorgan Chase & Co. lowered their price target on Centrica from GBX 245 to GBX 235 and set an “overweight” rating on the stock in a report on Friday. Citigroup raised their price target on Centrica from GBX 200 to GBX 218 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 210 price target on shares of Centrica in a report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 221.33.

Centrica Stock Up 2.2%

CNA opened at GBX 193.65 on Monday. The business’s 50-day simple moving average is GBX 206.46 and its 200-day simple moving average is GBX 188.28. 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 149.05 and a one year high of GBX 220.30. The stock has a market capitalization of £8.77 billion, a P/E ratio of -129.10, a price-to-earnings-growth ratio of 0.45 and a beta of 0.36.

Centrica (LON:CNA) last posted its 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 Buying and Selling

In other Centrica news, insider Alessandra Pasini acquired 26,000 shares of the stock in a transaction on Friday, May 8th. The shares were bought at an average price of GBX 201 per share, with a total value of £52,260. Also, insider Sue Whalley acquired 468 shares of the stock in a transaction on Monday, April 27th. The stock was acquired at an average cost of GBX 208 per share, for a total transaction of £973.44. In the last three months, insiders have bought 37,421 shares of company stock worth $7,442,043 and have sold 1,273,167 shares worth $254,633,400. 0.39% of the stock is 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.