Centrica (LON:CNA) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Centrica plc (LON:CNA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 128.82 ($1.63) and traded as high as GBX 132.36 ($1.67). Centrica shares last traded at GBX 131.15 ($1.66), with a volume of 22,731,568 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on CNA. Citigroup reiterated a “top pick” rating on shares of Centrica in a research note on Thursday, December 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 150 ($1.89) price objective on shares of Centrica in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Centrica currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 167 ($2.11).

Centrica Price Performance

The company has a debt-to-equity ratio of 61.65, a quick ratio of 0.40 and a current ratio of 1.77. The company has a 50-day simple moving average of GBX 122.55 and a 200-day simple moving average of GBX 128.82. The company has a market cap of £6.81 billion, a price-to-earnings ratio of 596.14, a PEG ratio of 0.45 and a beta of 1.08.

Insider Transactions at Centrica

In related news, insider Kevin O’Byrne bought 50,000 shares of Centrica stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average price of GBX 123 ($1.55) per share, with a total value of £61,500 ($77,622.11). Also, insider Amber Rudd bought 1,635 shares of Centrica stock in a transaction that occurred on Friday, October 25th. The stock was bought at an average cost of GBX 122 ($1.54) per share, for a total transaction of £1,994.70 ($2,517.61). Insiders have bought 55,237 shares of company stock valued at $6,784,644 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Centrica Company Profile

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.