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

Centrica plc (LON:CNA) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 221.33.

CNA has been the topic of a number of recent research reports. Royal Bank Of Canada restated an “outperform” rating and set a GBX 225 price target on shares of Centrica in a research note on Monday, May 11th. Citigroup increased their target price on shares of 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 reiterated a “hold” rating and issued a GBX 210 target price on shares of Centrica in a research note on Friday, May 8th. Berenberg Bank increased their target price on shares of Centrica from GBX 190 to GBX 230 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Centrica from GBX 245 to GBX 235 and set an “overweight” rating on the stock in a research note on Friday, May 15th.

Insiders Place Their Bets

In other news, insider Sue Whalley bought 490 shares of the stock in a transaction on Tuesday, May 26th. The shares were acquired at an average cost of GBX 199 per share, for a total transaction of £975.10. Also, insider Russell O’Brien bought 151 shares of the stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of GBX 202 per share, for a total transaction of £305.02. Over the last ninety days, insiders bought 81,630 shares of company stock worth $16,213,968 and sold 1,273,167 shares worth $254,633,400. 0.39% of the stock is owned by company insiders.

Centrica Stock Performance

Shares of CNA stock opened at GBX 187.40 on Tuesday. The stock has a market capitalization of £8.49 billion, a P/E ratio of -124.93, a PEG ratio of 0.45 and a beta of 0.35. The company has a current ratio of 1.45, a quick ratio of 0.40 and a debt-to-equity ratio of 98.77. The firm’s 50 day moving average is GBX 203.62 and its 200 day moving average is GBX 190.43. Centrica has a 12 month low of GBX 152.45 and a 12 month high of GBX 220.30.

About Centrica

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.