Citigroup Reiterates "Buy" Rating for Centrica (LON:CNA)

Key Points

• Citigroup has reaffirmed a "buy" rating for Centrica (LON:CNA) with a price target of GBX 185 ($2.50), indicating a potential upside of 10.91% from its previous close.
• Royal Bank Of Canada has increased its target price for Centrica from GBX 175 ($2.37) to GBX 200 ($2.71) and rated the stock as "outperform."
• Centrica recently reported quarterly earnings of GBX 7 ($0.09) per share, demonstrating a return on equity of 25.16% and a net margin of 5.39%.

Centrica (LON:CNA - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Citigroup in a note issued to investors on Friday, MarketBeat Ratings reports. They presently have a GBX 185 ($2.50) price target on the integrated energy company's stock. Citigroup's price target would indicate a potential upside of 10.91% from the stock's previous close.

Separately, Royal Bank Of Canada upped their target price on Centrica from GBX 175 ($2.37) to GBX 200 ($2.71) and gave the stock an "outperform" rating in a report on Tuesday, July 29th.

Centrica Price Performance

Centrica stock traded down GBX 1.30 ($0.02) during trading on Friday, reaching GBX 166.80 ($2.26). The company had a trading volume of 17,250,920 shares, compared to its average volume of 26,247,291. Centrica has a 1-year low of GBX 112.99 ($1.53) and a 1-year high of GBX 169.65 ($2.30). 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's 50-day simple moving average is GBX 161.94 and its 200 day simple moving average is GBX 152.88. The firm 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 (LON:CNA - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The integrated energy company reported GBX 7 ($0.09) EPS for the quarter. Centrica had a return on equity of 25.16% and a net margin of 5.39%.

Insider Buying and Selling at Centrica

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.