Centrica (LON:CNA) Earns “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of Centrica (LON:CNAGet Rating) in a research report sent to investors on Friday, Marketbeat reports.

Other research analysts have also issued research reports about the stock. Barclays raised their price objective on shares of Centrica from GBX 112 ($1.38) to GBX 123 ($1.52) and gave the company an overweight rating in a research note on Monday, May 16th. Citigroup reissued a buy rating and issued a GBX 100 ($1.23) price objective on shares of Centrica in a research note on Thursday, March 3rd. Berenberg Bank reissued a hold rating on shares of Centrica in a research note on Thursday, February 24th. Royal Bank of Canada raised their price objective on shares of Centrica from GBX 90 ($1.11) to GBX 125 ($1.54) and gave the company an outperform rating in a research note on Monday, May 16th. Finally, Morgan Stanley reissued an overweight rating on shares of Centrica in a research note on Wednesday, May 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Centrica presently has a consensus rating of Buy and an average price target of GBX 97.83 ($1.21).

LON CNA opened at GBX 88.06 ($1.09) on Friday. The firm’s 50-day moving average is GBX 79.99 and its two-hundred day moving average is GBX 74.39. Centrica has a 12 month low of GBX 45.21 ($0.56) and a 12 month high of GBX 89.23 ($1.10). The company has a debt-to-equity ratio of 168.84, a current ratio of 1.11 and a quick ratio of 0.55. The stock has a market capitalization of £5.19 billion and a P/E ratio of 4.30.

In other Centrica news, insider Amber Rudd bought 2,449 shares of the business’s stock in a transaction dated Monday, April 25th. The shares were acquired at an average cost of GBX 78 ($0.96) per share, with a total value of £1,910.22 ($2,354.81). Also, insider Kate Ringrose sold 98,696 shares of Centrica stock in a transaction on Monday, March 28th. The shares were sold at an average price of GBX 83 ($1.02), for a total transaction of £81,917.68 ($100,983.33). In the last three months, insiders have acquired 5,105 shares of company stock worth $407,858.

About Centrica (Get Rating)

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Energy Marketing & Trading, and Upstream segments.

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Analyst Recommendations for Centrica (LON:CNA)

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