Centrica (LON:CNA) Price Target Cut to GBX 235 by Analysts at JPMorgan Chase & Co.

Centrica (LON:CNA) had its price target cut by stock analysts at JPMorgan Chase & Co. from GBX 245 to GBX 235 in a report released on Friday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the integrated energy company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 23.52% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 210 price objective on shares of Centrica in a report on Friday, May 8th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 225 price objective on shares of Centrica in a report on Monday. Finally, Citigroup upped their target price on Centrica from GBX 200 to GBX 218 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 214.67.

Centrica Price Performance

Shares of LON CNA traded down GBX 11.95 during mid-day trading on Friday, reaching GBX 190.25. 272,803,031 shares of the company were exchanged, compared to its average volume of 39,842,094. Centrica has a 52 week low of GBX 148 and a 52 week high of GBX 220.30. The company has a quick ratio of 0.40, a current ratio of 1.45 and a debt-to-equity ratio of 98.77. The stock has a market capitalization of £8.62 billion, a PE ratio of -126.83, a PEG ratio of 0.45 and a beta of 0.36. The company’s 50 day moving average price is GBX 206.52 and its 200 day moving average price is GBX 188.19.

Centrica (LON:CNA) last released 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 Activity at Centrica

In related news, insider Alessandra Pasini purchased 26,000 shares of Centrica stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of GBX 201 per share, for a total transaction of £52,260. Also, insider Chris O?Shea sold 327,270 shares of Centrica stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 200, for a total value of £654,540. Over the last three months, insiders bought 37,421 shares of company stock worth $7,442,043 and sold 1,273,167 shares worth $254,633,400. 0.39% of the stock is owned by 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.