Centrica plc (LON:CNA)’s stock price reached a new 52-week high on Wednesday after Royal Bank of Canada raised their price target on the stock from GBX 55 to GBX 75. Royal Bank of Canada currently has an outperform rating on the stock. Centrica traded as high as GBX 57.46 ($0.75) and last traded at GBX 55.72 ($0.73), with a volume of 17384188 shares traded. The stock had previously closed at GBX 56 ($0.73).
A number of other equities analysts also recently weighed in on CNA. Barclays reaffirmed an “overweight” rating and set a GBX 68 ($0.89) target price on shares of Centrica in a research note on Tuesday, January 26th. Berenberg Bank boosted their target price on Centrica from GBX 45 ($0.59) to GBX 50 ($0.65) and gave the stock a “hold” rating in a report on Friday, December 11th. Finally, JPMorgan Chase & Co. raised their price target on Centrica from GBX 66 ($0.86) to GBX 67 ($0.88) and gave the company an “overweight” rating in a report on Thursday, March 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 56.89 ($0.74).
In other Centrica news, insider Kate Ringrose sold 26,241 shares of Centrica stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of GBX 55 ($0.72), for a total value of £14,432.55 ($18,856.22).
About Centrica (LON:CNA)
Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, Norway, the United States, Canada, and internationally. The company operates through Centrica Consumer, Centrica Business, and Upstream 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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