Centrica plc (LON:CNA – Get Free Report) has earned an average rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 164 ($2.08).
A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada upgraded Centrica to an “outperform” rating and boosted their price objective for the stock from GBX 145 ($1.84) to GBX 170 ($2.16) in a report on Friday, May 31st. UBS Group upgraded Centrica to a “buy” rating and boosted their price objective for the stock from GBX 165 ($2.09) to GBX 170 ($2.16) in a report on Wednesday, May 8th. Finally, Barclays reduced their price objective on Centrica from GBX 205 ($2.60) to GBX 190 ($2.41) and set an “underweight” rating for the company in a report on Wednesday, May 15th.
Read Our Latest Analysis on Centrica
Centrica Price Performance
Insiders Place Their Bets
In related news, insider Chris O?Shea acquired 2,785,622 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were bought at an average price of GBX 144 ($1.83) per share, with a total value of £4,011,295.68 ($5,088,539.49). In related news, insider Chris O?Shea purchased 2,785,622 shares of the business’s stock in a transaction on Friday, May 17th. The stock was acquired at an average price of GBX 144 ($1.83) per share, for a total transaction of £4,011,295.68 ($5,088,539.49). Also, insider Philippe Boisseau purchased 1,308 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average price of GBX 143 ($1.81) per share, with a total value of £1,870.44 ($2,372.75). In the last ninety days, insiders acquired 2,820,254 shares of company stock worth $404,719,356. Company insiders own 0.17% of the company’s stock.
About Centrica
Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.
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