Centrica (LON:CNA) Given New GBX 200 Price Target at Berenberg Bank

Centrica (LON:CNA) had its price objective dropped by equities research analysts at Berenberg Bank from GBX 230 to GBX 200 in a report issued on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the integrated energy company’s stock. Berenberg Bank’s price objective indicates a potential upside of 24.73% from the company’s current price.

Several other brokerages have also issued reports on CNA. JPMorgan Chase & Co. decreased their price target on Centrica from GBX 245 to GBX 235 and set an “overweight” rating on the stock in a research note on Friday, May 15th. 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. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 225 price objective on shares of Centrica in a research report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 216.33.

Centrica Stock Performance

Shares of LON:CNA opened at GBX 160.35 on Monday. The company’s 50 day simple moving average is GBX 180.60 and its 200 day simple moving average is GBX 191.96. The stock has a market capitalization of £7.26 billion, a price-to-earnings ratio of -106.90, a price-to-earnings-growth ratio of 0.45 and a beta of 0.34. 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 has a 1 year low of GBX 153.60 and a 1 year high of GBX 220.30.

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

Insiders Place Their Bets

In related news, insider Alessandra Pasini bought 26,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were purchased at an average price of GBX 201 per share, with a total value of £52,260. Also, insider Chris O?Shea bought 456 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of GBX 202 per share, for a total transaction of £921.12. Insiders have purchased 80,027 shares of company stock worth $15,844,034 over the last 90 days. Insiders own 0.39% of the company’s stock.

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.