Berenberg Bank upgraded shares of Centrica (LON:CNA – Free Report) to a buy rating in a report published on Friday morning, MarketBeat Ratings reports. They currently have GBX 155 ($1.96) price objective on the integrated energy company’s stock, up from their prior price objective of GBX 130 ($1.64).
Several other research analysts have also commented on CNA. UBS Group raised shares of Centrica to a buy rating and lifted their price target for the company from GBX 165 ($2.09) to GBX 170 ($2.15) in a report on Wednesday, May 8th. Royal Bank of Canada raised shares of Centrica to an outperform rating and lifted their price target for the company from GBX 145 ($1.83) to GBX 170 ($2.15) in a report on Friday, May 31st. Finally, Barclays reduced their target price on shares of Centrica from GBX 205 ($2.59) to GBX 190 ($2.40) and set an underweight rating for the company in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of GBX 167 ($2.11).
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Centrica Trading Up 1.4 %
Insider Buying and Selling at Centrica
In related news, insider Chris OShea purchased 2,785,622 shares of Centrica stock in a transaction dated Friday, May 17th. The stock was bought at an average cost of GBX 144 ($1.82) per share, with a total value of £4,011,295.68 ($5,073,736.00). In related news, insider Chris OShea purchased 2,785,622 shares of Centrica stock in a transaction dated Friday, May 17th. The stock was bought at an average cost of GBX 144 ($1.82) per share, with a total value of £4,011,295.68 ($5,073,736.00). Also, insider Philippe Boisseau bought 1,163 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was acquired at an average price of GBX 139 ($1.76) per share, for a total transaction of £1,616.57 ($2,044.74). Insiders bought 2,820,254 shares of company stock valued at $404,719,356 in the last ninety days. 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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