Centrica (LON:CNA) Issues Quarterly Earnings Results

Centrica (LON:CNA) posted its earnings results on Thursday. The integrated energy company reported GBX 6.80 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Centrica had a return on equity of 1.68% and a net margin of 0.37%.

Centrica Stock Performance

LON CNA opened at GBX 165 on Thursday. Centrica has a 12-month low of GBX 153.20 and a 12-month high of GBX 220.30. The firm has a 50-day moving average price of GBX 181.94 and a two-hundred day moving average price of GBX 192.11. The company has a market capitalization of £7.47 billion, a P/E ratio of -110.00, a P/E/G ratio of 0.45 and a beta of 0.34. The company has a quick ratio of 0.40, a current ratio of 1.45 and a debt-to-equity ratio of 92.58.

Insiders Place Their Bets

In other Centrica news, insider Russell O’Brien acquired 151 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of GBX 202 per share, for a total transaction of £305.02. Also, insider Sue Whalley acquired 490 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of GBX 199 per share, with a total value of £975.10. Insiders purchased a total of 81,703 shares of company stock valued at $16,192,642 in the last quarter. Company insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

CNA has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price target on shares of Centrica from GBX 245 to GBX 235 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 225 target price on shares of Centrica in a research report on Monday, May 11th. Berenberg Bank raised their price target on shares of Centrica from GBX 190 to GBX 230 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 210 target price on shares of Centrica in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 221.33.

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.