Centrica (LON:CNA) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada has increased its price target for Centrica's stock from GBX 175 to GBX 200, indicating a potential upside of 22.56%.
• Centrica's recent earnings report showed an EPS of GBX 7 ($0.09), with a return on equity of 25.16%.
• Insider trading activity includes the sale of 770,946 shares by insider Chris O’Shea and purchase of shares by insider Philippe Boisseau.

Centrica (LON:CNA - Get Free Report) had its price target boosted by analysts at Royal Bank Of Canada from GBX 175 ($2.34) to GBX 200 ($2.67) in a research note issued on Tuesday, Marketbeat.com reports. The firm presently has an "outperform" rating on the integrated energy company's stock. Royal Bank Of Canada's price objective would indicate a potential upside of 22.14% from the company's current price.

Separately, Citigroup reiterated a "buy" rating on shares of Centrica in a research note on Friday.

Centrica Price Performance

Shares of CNA stock traded up GBX 3.10 ($0.04) during trading on Tuesday, hitting GBX 163.75 ($2.19). The company had a trading volume of 50,956,980 shares, compared to its average volume of 26,621,580. 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 firm has a market capitalization of £8.18 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. The stock's 50-day moving average price is GBX 160.35 and its 200 day moving average price is GBX 150.45. Centrica has a one year low of GBX 112.99 ($1.51) and a one year high of GBX 168.90 ($2.26).

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

Insider Activity at Centrica

In related news, insider Chris O’Shea sold 770,946 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of GBX 168 ($2.24), for a total value of £1,295,189.28 ($1,729,686.54). Also, insider Philippe Boisseau purchased 1,035 shares of Centrica stock in a transaction dated Friday, July 25th. The shares were acquired at an average cost of GBX 163 ($2.18) per share, for a total transaction of £1,687.05 ($2,253.00). Over the last 90 days, insiders have acquired 4,299 shares of company stock valued at $692,773. Company 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.