Centrica plc (LON:CNA) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Centrica has a “Moderate Buy” consensus rating from six analysts, with five recommending buy and one hold. The average 12-month price target is GBX 216.33, above the stock’s opening price of GBX 155.95.
• Recent analyst targets range from GBX 200 to GBX 235, with some brokers lowering their price objectives while maintaining positive or neutral ratings.
• Company insiders purchased 55,450 shares worth approximately £10.8 million over the past 90 days, while Centrica recently reported quarterly earnings of GBX 6.80 per share.

Centrica plc (LON:CNA - Get Free Report) has been given an average rating of "Moderate Buy" by the six analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 216.33.

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 225 price objective on shares of Centrica in a research report on Monday, May 11th. JPMorgan Chase & Co. decreased their price target on 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 reissued a "hold" rating and issued a GBX 210 price target on shares of Centrica in a research note on Friday, May 8th. Finally, Berenberg Bank cut their price objective on Centrica from GBX 230 to GBX 200 and set a "buy" rating on the stock in a report on Monday, July 27th.

Centrica Stock Up 0.7%

LON CNA opened at GBX 155.95 on Friday. The company has a debt-to-equity ratio of 80.68, a current ratio of 1.43 and a quick ratio of 0.40. The company's 50 day simple moving average is GBX 168.89 and its 200 day simple moving average is GBX 189.24. Centrica has a 12 month low of GBX 151.45 and a 12 month high of GBX 220.30. The company has a market capitalization of £7.06 billion, a P/E ratio of 10.33, a PEG ratio of 0.45 and a beta of 0.32.

Centrica (LON:CNA - Get Free Report) last issued its earnings results on Thursday, July 23rd. The integrated energy company reported GBX 6.80 earnings per share for the quarter. Centrica had a net margin of 3.64% and a return on equity of 21.92%.

Insiders Place Their Bets

In other news, insider Sue Whalley purchased 600 shares of Centrica stock in a transaction that occurred on Monday, July 27th. The stock was acquired at an average price of GBX 162 per share, for a total transaction of £972. Also, insider Jonathan Howell acquired 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of GBX 197 per share, with a total value of £98,500. Insiders bought a total of 55,450 shares of company stock worth $10,816,909 over the last ninety days. 0.39% of the stock is currently 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. 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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