Centrica (LON:CNA) Upgraded at Jefferies Financial Group

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Centrica (LON:CNA) was upgraded by equities researchers at Jefferies Financial Group to a “buy” rating in a research report issued to clients and investors on Thursday, September 19th, Digital Look reports. The brokerage currently has a GBX 90 ($1.18) target price on the integrated energy company’s stock. Jefferies Financial Group’s price target indicates a potential upside of 30.89% from the company’s current price.

Several other equities analysts also recently weighed in on the company. Berenberg Bank decreased 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 report on Monday, September 9th. UBS Group restated a “neutral” rating and issued a GBX 68 ($0.89) target price (down previously from GBX 110 ($1.44)) on shares of Centrica in a research report on Tuesday, August 13th. Societe Generale began coverage on Centrica in a report on Friday, June 7th. They issued a “hold” rating and a GBX 95 ($1.24) price target for the company. Credit Suisse Group cut their price target on Centrica from GBX 105 ($1.37) to GBX 83 ($1.08) and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 75 ($0.98) price target (down previously from GBX 110 ($1.44)) on shares of Centrica in a report on Thursday, September 5th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Centrica has an average rating of “Hold” and an average target price of GBX 97.57 ($1.27).

Shares of CNA traded up GBX 2.14 ($0.03) during mid-day trading on Thursday, reaching GBX 68.76 ($0.90). The company had a trading volume of 43,203,896 shares, compared to its average volume of 26,600,000. The stock has a market capitalization of $4.00 billion and a P/E ratio of -6.43. The stock has a 50 day moving average of GBX 70.17 and a two-hundred day moving average of GBX 88.69. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 181.72. Centrica has a 52-week low of GBX 63.99 ($0.84) and a 52-week high of GBX 156.65 ($2.05).

In related news, insider Chris O’Shea bought 46,750 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average cost of GBX 66 ($0.86) per share, for a total transaction of £30,855 ($40,317.52). Insiders bought 47,359 shares of company stock valued at $3,130,524 over the last ninety days.

About Centrica

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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Analyst Recommendations for Centrica (LON:CNA)

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