Berenberg Bank Lowers Centrica (LON:CNA) Price Target to GBX 200

Key Points

• Berenberg Bank lowered Centrica’s price target from GBX 230 to GBX 200 while maintaining a “buy” rating, implying 24.73% upside from the stock’s previous close.
• Analyst sentiment remains broadly positive: Centrica has five “buy” ratings and one “hold” rating, with a consensus price target of GBX 216.33.
• Centrica opened at GBX 160.35, below its 50-day and 200-day moving averages, while insiders have purchased 80,027 shares over the past three months.

Centrica (LON:CNA - Get Free Report) had its target price decreased by investment analysts at Berenberg Bank from GBX 230 to GBX 200 in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage currently has a "buy" rating on the integrated energy company's stock. Berenberg Bank's price target points to a potential upside of 24.73% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Centrica from GBX 245 to GBX 235 and set an "overweight" rating for the company in a research report on Friday, May 15th. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 210 price target on shares of Centrica in a research report on Friday, May 8th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 225 price objective on shares of Centrica in a research note on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Centrica has an average rating of "Moderate Buy" and a consensus price target of GBX 216.33.

Centrica Stock Performance

CNA opened at GBX 160.35 on Monday. The business has a fifty day simple moving average of GBX 180.60 and a 200 day simple moving average of GBX 191.96. The company has a market capitalization of £7.26 billion, a PE ratio of -106.90, a price-to-earnings-growth ratio of 0.45 and a beta of 0.34. Centrica has a 1 year low of GBX 153.60 and a 1 year high of GBX 220.30. 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 (LON:CNA - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The integrated energy company reported GBX 6.80 EPS for the quarter. Centrica had a return on equity of 21.92% and a net margin of 3.64%.

Insider Transactions at Centrica

In related news, insider Frank Mastiaux bought 1,287 shares of Centrica stock in a transaction dated Thursday, June 25th. The shares were bought at an average cost of GBX 175 per share, with a total value of £2,252.25. Also, insider Alessandra Pasini purchased 26,000 shares of the firm's stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of GBX 201 per share, for a total transaction of £52,260. Over the last three months, insiders acquired 80,027 shares of company stock worth $15,844,034. Corporate insiders own 0.39% of the company's stock.

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.

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