Centrica (LON:CNA) Stock Rating Reaffirmed by Citigroup

Centrica (LON:CNAGet Rating)‘s stock had its “neutral” rating reissued by equities researchers at Citigroup in a research report issued on Wednesday, Marketbeat.com reports. They presently have a GBX 97 ($1.19) target price on the integrated energy company’s stock. Citigroup’s target price indicates a potential upside of 12.74% from the stock’s current price.

Several other equities analysts also recently issued reports on CNA. Barclays cut their price objective on shares of Centrica from GBX 123 ($1.51) to GBX 121 ($1.48) and set an “overweight” rating on the stock in a report on Friday, May 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Centrica in a research note on Tuesday, June 28th. Royal Bank of Canada raised their price objective on Centrica from GBX 90 ($1.10) to GBX 125 ($1.53) and gave the stock an “outperform” rating in a research report on Monday, May 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Centrica in a research report on Wednesday, May 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 97 ($1.19).

Centrica Stock Up 0.6 %

Shares of CNA opened at GBX 86.04 ($1.05) on Wednesday. The firm has a market capitalization of £5.08 billion and a P/E ratio of 860.40. Centrica has a 12-month low of GBX 0.76 ($0.01) and a 12-month high of GBX 93.88 ($1.15). The company has a current ratio of 1.03, a quick ratio of 0.40 and a debt-to-equity ratio of 176.45. The firm has a fifty day moving average price of GBX 82.86 and a 200-day moving average price of GBX 79.75.

Insider Activity

In related news, insider Amber Rudd purchased 2,354 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The shares were purchased at an average cost of GBX 81 ($0.99) per share, with a total value of £1,906.74 ($2,336.40). In other news, insider Heidi Mottram acquired 10,000 shares of Centrica stock in a transaction on Friday, June 24th. The stock was bought at an average cost of GBX 84 ($1.03) per share, with a total value of £8,400 ($10,292.86). Also, insider Amber Rudd purchased 2,354 shares of Centrica stock in a transaction dated Monday, June 27th. The stock was bought at an average cost of GBX 81 ($0.99) per share, with a total value of £1,906.74 ($2,336.40). Over the last three months, insiders bought 16,779 shares of company stock worth $1,413,432.

About Centrica

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Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Energy Marketing & Trading, and Upstream segments.

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