Centrica (LON:CNA) was downgraded by analysts at JPMorgan Chase & Co. to a “neutral” rating in a report issued on Monday, April 15th, ThisIsMoney.Co.Uk reports. They presently have a GBX 125 ($1.63) target price on the integrated energy company’s stock, down from their previous target price of GBX 150 ($1.96). JPMorgan Chase & Co.‘s target price points to a potential upside of 32.70% from the company’s current price.
A number of other research firms have also commented on CNA. Citigroup reaffirmed a “neutral” rating and set a GBX 144 ($1.88) price target (down previously from GBX 160 ($2.09)) on shares of Centrica in a research report on Friday, February 8th. Jefferies Financial Group reduced their target price on Centrica from GBX 125 ($1.63) to GBX 110 ($1.44) and set a “hold” rating on the stock in a report on Friday, March 1st. Kepler Capital Markets reiterated a “buy” rating on shares of Centrica in a report on Wednesday, January 16th. Berenberg Bank downgraded Centrica to a “hold” rating and cut their price target for the stock from GBX 155 ($2.03) to GBX 140 ($1.83) in a research note on Monday, February 18th. Finally, HSBC cut their price target on Centrica from GBX 140 ($1.83) to GBX 120 ($1.57) and set a “hold” rating on the stock in a research note on Friday, March 8th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 122.27 ($1.60).
Centrica stock traded down GBX 2.40 ($0.03) during midday trading on Monday, hitting GBX 94.20 ($1.23). 33,035,210 shares of the company’s stock were exchanged, compared to its average volume of 26,600,000. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 120.42. Centrica has a 52-week low of GBX 104.10 ($1.36) and a 52-week high of GBX 164.50 ($2.15). The stock has a market cap of $5.36 billion and a price-to-earnings ratio of 29.44.
Centrica (LON:CNA) last released its earnings results on Thursday, February 21st. The integrated energy company reported GBX 11.20 ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 11.60 ($0.15) by GBX (0.40) (($0.01)). On average, research analysts anticipate that Centrica will post 1258.99998360041 earnings per share for the current year.
In related news, insider Charles Berry bought 40,000 shares of the firm’s stock in a transaction that occurred on Friday, March 29th. The shares were bought at an average cost of GBX 115 ($1.50) per share, with a total value of £46,000 ($60,107.15). Also, insider Iain C. Conn sold 126,962 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of GBX 114 ($1.49), for a total value of £144,736.68 ($189,124.11). Insiders have bought a total of 140,262 shares of company stock worth $16,929,950 over the last three months.
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, and Exploration & Production segments. It supplies gas and electricity to residential customers, as well as offers energy-related services; and generates power from combined cycle gas turbines and nuclear assets.
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