Centrica (LON:CNA) Given New GBX 200 Price Target at Royal Bank Of Canada

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 upped by stock analysts at Royal Bank Of Canada from GBX 175 ($2.31) to GBX 200 ($2.64) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm currently has an "outperform" rating on the integrated energy company's stock. Royal Bank Of Canada's target price indicates a potential upside of 21.05% from the stock's previous close.

Separately, Citigroup reissued a "buy" rating on shares of Centrica in a report on Friday, July 25th.

Centrica Price Performance

Shares of Centrica stock traded up GBX 0.62 ($0.01) during trading on Tuesday, hitting GBX 165.22 ($2.18). 16,238,203 shares of the company's stock traded hands, compared to its average volume of 26,622,311. 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 fifty day moving average price is GBX 160.66 and its 200 day moving average price is GBX 150.81. Centrica has a twelve month low of GBX 112.99 ($1.49) and a twelve month high of GBX 168.90 ($2.23). The company has a market cap of £8.26 billion, a PE ratio of 7.87, a PEG ratio of 0.45 and a beta of 1.08.

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

Insider Buying and Selling

In other news, insider Chris O’Shea sold 770,946 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of GBX 168 ($2.22), for a total transaction of £1,295,189.28 ($1,710,950.17). Also, insider Philippe Boisseau bought 1,222 shares of Centrica stock in a transaction dated Friday, May 30th. The shares were bought at an average price of GBX 157 ($2.07) per share, for a total transaction of £1,918.54 ($2,534.40). Insiders have bought 4,299 shares of company stock worth $692,773 over the last quarter. 0.20% of the stock is owned by company 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.