Centrica (LON:CNA) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Key Points

• Berenberg Bank has raised its price target for Centrica (LON:CNA) from GBX 155 to GBX 190, indicating a potential upside of 17.87% from the current stock price.
• The stock has received a majority of positive ratings, with four analysts recommending a buy and one a hold, leading to an average price target of GBX 180.80.
• Centrica's shares have increased by 2.7%, with the stock currently trading at GBX 161.20, navigating between a 12-month low of GBX 112.99 and a high of GBX 169.65.

Centrica (LON:CNA - Get Free Report) had its price target upped by analysts at Berenberg Bank from GBX 155 to GBX 190 in a note issued to investors on Thursday,Digital Look reports. The brokerage currently has a "buy" rating on the integrated energy company's stock. Berenberg Bank's target price suggests a potential upside of 17.87% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada upped their price objective on shares of Centrica from GBX 175 to GBX 200 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. upped their price objective on shares of Centrica from GBX 177 to GBX 179 and gave the company a "neutral" rating in a research note on Friday, August 15th. Finally, Citigroup reissued a "buy" rating and set a GBX 185 price objective on shares of Centrica in a research note on Friday, August 15th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Centrica has an average rating of "Moderate Buy" and an average price target of GBX 180.80.

Centrica Stock Up 2.7%

Shares of LON CNA opened at GBX 161.20 on Thursday. Centrica has a 12-month low of GBX 112.99 and a 12-month high of GBX 169.65. The company has a market capitalization of £7.59 billion, a PE ratio of -3,504.35, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. The company has a debt-to-equity ratio of 66.48, a current ratio of 1.77 and a quick ratio of 0.40. The firm's 50-day moving average is GBX 160.52 and its two-hundred day moving average is GBX 155.75.

Centrica (LON:CNA - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The integrated energy company reported GBX 7 earnings per share (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 Centrica news, insider Philippe Boisseau acquired 1,028 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was bought at an average price of GBX 164 per share, with a total value of £1,685.92. Also, insider Chris O’Shea sold 770,946 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of GBX 168, for a total transaction of £1,295,189.28. Insiders bought 3,645 shares of company stock valued at $595,896 in the last three months. Company insiders own 0.34% 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.

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