Centrica (LON:CNA) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Centrica plc (LON:CNA)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 127.49 ($1.57) and traded as high as GBX 139.15 ($1.72). Centrica shares last traded at GBX 137.70 ($1.70), with a volume of 10,100,002 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 150 ($1.85) target price on shares of Centrica in a research note on Friday, December 6th. Citigroup reaffirmed a “top pick” rating on shares of Centrica in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 167 ($2.06).

Centrica Trading Down 2.6 %

The company has a debt-to-equity ratio of 61.65, a current ratio of 1.77 and a quick ratio of 0.40. The firm has a market capitalization of £7.00 billion, a price-to-earnings ratio of 613.18, a PEG ratio of 0.45 and a beta of 1.08. The business has a 50 day moving average of GBX 129.01 and a 200 day moving average of GBX 127.51.

Insider Activity at Centrica

In related news, insider Kevin O’Byrne purchased 50,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were purchased at an average price of GBX 123 ($1.52) per share, with a total value of £61,500 ($75,822.96). Also, insider Amber Rudd acquired 1,688 shares of the stock in a transaction dated Friday, December 27th. The shares were bought at an average cost of GBX 129 ($1.59) per share, with a total value of £2,177.52 ($2,684.65). Over the last 90 days, insiders bought 55,244 shares of company stock worth $6,803,912. 0.20% of the stock is currently owned by company insiders.

Centrica Company Profile

Centrica is energising a greener, fairer future for our colleagues, customers and communities. Our integrated business operates across the energy value chain, with over ten million Retail customers, leading brands such as British Gas and Bord Gáis Energy, and the UK’s largest energy services workforce.