Centrica (LON:CNA) had its target price upped by analysts at JPMorgan Chase & Co. from GBX 180 ($2.35) to GBX 200 ($2.61) in a research note issued to investors on Thursday. The firm currently has an “overweight” rating on the integrated energy company’s stock. JPMorgan Chase & Co.’s target price points to a potential upside of 37.17% from the company’s current price.
Other research analysts have also issued research reports about the stock. Berenberg Bank decreased their target price on shares of Centrica from GBX 240 ($3.14) to GBX 170 ($2.22) and set a “buy” rating on the stock in a research report on Wednesday, July 18th. Kepler Capital Markets restated a “buy” rating on shares of Centrica in a research report on Friday, September 28th. HSBC lowered shares of Centrica to a “reduce” rating and increased their target price for the stock from GBX 130 ($1.70) to GBX 142 ($1.86) in a research report on Friday, September 7th. Credit Suisse Group restated an “outperform” rating and set a GBX 180 ($2.35) target price (down previously from GBX 185 ($2.42)) on shares of Centrica in a research report on Thursday, August 23rd. Finally, Deutsche Bank restated a “sell” rating on shares of Centrica in a research report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 165.23 ($2.16).
Shares of LON:CNA opened at GBX 145.80 ($1.91) on Thursday. Centrica has a 12-month low of GBX 119.71 ($1.56) and a 12-month high of GBX 221 ($2.89).
Centrica (LON:CNA) last announced its earnings results on Tuesday, July 31st. The integrated energy company reported GBX 6.40 ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of GBX 9.80 ($0.13) by GBX (3.40) (($0.04)). Centrica had a return on equity of 21.95% and a net margin of 2.16%.
In other news, insider Margherita D. Valle purchased 1,306 shares of Centrica stock in a transaction that occurred on Wednesday, July 25th. The shares were acquired at an average price of GBX 151 ($1.97) per share, for a total transaction of £1,972.06 ($2,576.85). Also, insider Jeff Bell sold 81,009 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of GBX 147 ($1.92), for a total transaction of £119,083.23 ($155,603.33). Insiders have purchased a total of 4,236 shares of company stock worth $623,715 in the last quarter.
Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, Germany, Norway, rest of Europe, the United States, Canada, and internationally. The company operates through Centrica Consumer, Centrica Business, Exploration & Production, and Centrica Storage segments.
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