Centrica (LON:CNA – Get Free Report) was upgraded by equities researchers at UBS Group to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has a GBX 170 ($2.14) price objective on the integrated energy company’s stock, up from their previous price objective of GBX 165 ($2.07). UBS Group’s target price suggests a potential upside of 26.82% from the stock’s previous close.
A number of other research analysts have also recently weighed in on CNA. Citigroup restated a “buy” rating on shares of Centrica in a research note on Friday, February 16th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Centrica in a report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 159 ($2.00).
Read Our Latest Analysis on CNA
Centrica Price Performance
Insider Transactions at Centrica
In other Centrica news, insider Philippe Boisseau bought 1,428 shares of Centrica stock in a transaction dated Thursday, April 25th. The shares were purchased at an average cost of GBX 131 ($1.65) per share, for a total transaction of £1,870.68 ($2,350.10). In other news, insider Amber Rudd purchased 1,720 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average cost of GBX 127 ($1.60) per share, for a total transaction of £2,184.40 ($2,744.22). Also, insider Philippe Boisseau purchased 1,428 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were purchased at an average price of GBX 131 ($1.65) per share, for a total transaction of £1,870.68 ($2,350.10). Insiders have acquired a total of 5,202 shares of company stock worth $667,723 in the last three months. Insiders own 0.14% of the company’s stock.
Centrica Company Profile
Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.
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