Centrica (LON:CNA) Price Target Raised to GBX 179

Key Points

• JPMorgan Chase & Co. raised the price target for Centrica from GBX 177 to GBX 179, indicating a potential upside of 7.31% from its current price.
• Centrica's stock is currently trading down by 0.8%, reaching GBX 166.80, with a market capitalization of £8.33 billion.
• Insider Chris O'Shea sold 770,946 shares of Centrica at an average price of GBX 168, totaling over £1.29 million, while insider Philippe Boisseau acquired shares at GBX 157.

Centrica (LON:CNA - Get Free Report) had its target price raised by investment analysts at JPMorgan Chase & Co. from GBX 177 ($2.39) to GBX 179 ($2.42) in a research note issued on Friday, Marketbeat Ratings reports. The brokerage currently has a "neutral" rating on the integrated energy company's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 7.31% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. Citigroup reiterated a "buy" rating and set a GBX 185 ($2.50) price target on shares of Centrica in a research report on Friday. Royal Bank Of Canada upped their price objective on shares of Centrica from GBX 175 ($2.37) to GBX 200 ($2.71) and gave the stock an "outperform" rating in a research report on Tuesday, July 29th.

Centrica Stock Down 0.8%

CNA traded down GBX 1.30 ($0.02) during mid-day trading on Friday, reaching GBX 166.80 ($2.26). 17,250,920 shares of the stock were exchanged, compared to its average volume of 26,247,291. The company has a 50 day moving average price of GBX 161.94 and a two-hundred day moving average price of GBX 152.88. The company has a debt-to-equity ratio of 66.48, a quick ratio of 0.40 and a current ratio of 1.77. The stock has a market capitalization of £8.33 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. Centrica has a 1 year low of GBX 112.99 ($1.53) and a 1 year high of GBX 169.65 ($2.30).

Centrica (LON:CNA - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The integrated energy company reported GBX 7 ($0.09) EPS for the quarter. Centrica had a net margin of 5.39% and a return on equity of 25.16%.

Insider Buying and Selling at Centrica

In other news, insider Chris O’Shea sold 770,946 shares of Centrica stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of GBX 168 ($2.27), for a total value of £1,295,189.28 ($1,752,387.07). Also, insider Philippe Boisseau acquired 1,222 shares of Centrica stock in a transaction that occurred on Friday, May 30th. The stock was acquired at an average price of GBX 157 ($2.12) per share, with a total value of £1,918.54 ($2,595.78). Insiders have acquired 4,380 shares of company stock valued at $707,572 in the last three months. Insiders own 0.20% 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.

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