Berenberg Bank Cuts Centrica (LON:CNA) Price Target to GBX 200

Centrica (LON:CNA) had its price target decreased by Berenberg Bank from GBX 230 to GBX 200 in a research report released on Monday,Digital Look reports. Berenberg Bank currently has a buy rating on the integrated energy company’s stock.

A number of other equities analysts have also recently commented on CNA. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 225 target price on shares of Centrica in a report on Monday, May 11th. Jefferies Financial Group reissued a “hold” rating and set a GBX 210 price target on shares of Centrica in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. reduced 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. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 216.33.

Centrica Stock Performance

Shares of LON CNA opened at GBX 155.86 on Monday. Centrica has a 12-month low of GBX 153.60 and a 12-month high of GBX 220.30. The firm has a market capitalization of £7.06 billion, a price-to-earnings ratio of -103.91, a price-to-earnings-growth ratio of 0.45 and a beta of 0.34. The company has a current ratio of 1.43, a quick ratio of 0.40 and a debt-to-equity ratio of 80.68. The firm has a 50 day moving average of GBX 178.23 and a 200 day moving average of GBX 191.55.

Centrica (LON:CNA) last released its quarterly 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 Chris O’Shea acquired 456 shares of Centrica stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of GBX 202 per share, with a total value of £921.12. Also, insider Jonathan Howell acquired 50,000 shares of Centrica stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average cost of GBX 197 per share, with a total value of £98,500. Over the last quarter, insiders purchased 82,011 shares of company stock valued at $16,165,442. Insiders own 0.39% of the company’s stock.

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.