Centrica (LON:CNA) Rating Increased to Buy at Citigroup

Citigroup upgraded shares of Centrica (LON:CNA) to a buy rating in a research note issued to investors on Wednesday, Stock Target Advisor reports. Citigroup currently has GBX 100 ($1.31) price target on the integrated energy company’s stock, down from their previous price target of GBX 128 ($1.67).

CNA has been the subject of several other reports. Barclays restated an underweight rating on shares of Centrica in a research report on Thursday, November 14th. Berenberg Bank lowered 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 note on Monday, September 9th. Goldman Sachs Group dropped their price target on Centrica from GBX 80 ($1.05) to GBX 79 ($1.03) and set a neutral rating for the company in a report on Thursday, November 14th. Sanford C. Bernstein reduced their price target on Centrica from GBX 105 ($1.37) to GBX 85 ($1.11) and set a market perform rating for the company in a research note on Tuesday, August 6th. Finally, Credit Suisse Group decreased their price objective on Centrica from GBX 105 ($1.37) to GBX 83 ($1.08) and set a neutral rating on the stock in a report on Thursday, August 8th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Centrica has an average rating of Hold and an average price target of GBX 92.50 ($1.21).

Shares of CNA stock opened at GBX 80.76 ($1.06) on Wednesday. Centrica has a 52 week low of GBX 63.99 ($0.84) and a 52 week high of GBX 140.70 ($1.84). The company has a market capitalization of $4.70 billion and a price-to-earnings ratio of -7.55. The company has a 50-day simple moving average of GBX 75.13 and a 200 day simple moving average of GBX 79.24. The company has a debt-to-equity ratio of 181.72, a quick ratio of 0.72 and a current ratio of 0.90.

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.

Read More: 52-Week Highs and Lows

Analyst Recommendations for Centrica (LON:CNA)

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