Other analysts also recently issued reports about the company. Berenberg Bank cut their target price on Centrica from GBX 140 ($1.83) to GBX 80 ($1.05) and set a hold rating on the stock in a research note on Monday, September 9th. Jefferies Financial Group upgraded Centrica to a buy rating and set a GBX 90 ($1.18) target price on the stock in a research note on Thursday, September 19th. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 75 ($0.98) target price (down from GBX 110 ($1.44)) on shares of Centrica in a research note on Thursday, September 5th. Sanford C. Bernstein cut their target price on Centrica from GBX 105 ($1.37) to GBX 85 ($1.11) and set a market perform rating on the stock in a research note on Tuesday, August 6th. Finally, Credit Suisse Group cut their target price on Centrica from GBX 105 ($1.37) to GBX 83 ($1.08) and set a neutral rating on the stock in a research note on Thursday, August 8th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 94.50 ($1.23).
CNA traded down GBX 0.14 ($0.00) during trading on Thursday, hitting GBX 73.64 ($0.96). 16,051,112 shares of the company’s stock traded hands, compared to its average volume of 26,600,000. The company’s 50 day simple moving average is GBX 71.51 and its two-hundred day simple moving average is GBX 81.73. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 181.72. Centrica has a 12-month low of GBX 63.99 ($0.84) and a 12-month high of GBX 148.80 ($1.94). The stock has a market capitalization of $4.28 billion and a price-to-earnings ratio of -6.88.
In other news, insider Chris OShea purchased 46,750 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were purchased at an average cost of GBX 66 ($0.86) per share, for a total transaction of £30,855 ($40,317.52). Over the last 90 days, insiders bought 47,373 shares of company stock worth $3,130,533.
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.
Further Reading: What is the Quick Ratio?
Receive News & Ratings for Centrica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrica and related companies with MarketBeat.com's FREE daily email newsletter.