Centrica (LON:CNA) Issues Quarterly Earnings Results

Centrica (LON:CNA) released its earnings results on Friday. The integrated energy company reported GBX 11.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Centrica had a net margin of 5.39% and a return on equity of 25.16%.

Centrica Trading Up 1.4%

CNA stock traded up GBX 2.59 during midday trading on Friday, hitting GBX 188.49. 17,521,420 shares of the company’s stock were exchanged, compared to its average volume of 11,760,858. Centrica has a one year low of GBX 137.55 and a one year high of GBX 200. 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 company has a market cap of £8.52 billion, a PE ratio of -40.98, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. The stock’s fifty day moving average price is GBX 180.61 and its 200-day moving average price is GBX 172.23.

Analysts Set New Price Targets

A number of research firms recently weighed in on CNA. Royal Bank Of Canada boosted their price target on shares of Centrica from GBX 200 to GBX 215 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Citigroup upped their target price on shares of Centrica from GBX 185 to GBX 200 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Centrica currently has an average rating of “Moderate Buy” and a consensus target price of GBX 198.80.

Insider Transactions at Centrica

In other Centrica news, insider Sue Whalley acquired 530 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were acquired at an average price of GBX 184 per share, for a total transaction of £975.20. Also, insider Philippe Boisseau bought 1,021 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were acquired at an average cost of GBX 184 per share, with a total value of £1,878.64. In the last ninety days, insiders have bought 5,429 shares of company stock worth $933,943. 0.39% 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. 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.