Centrica (LON:CNA) Hits New 12-Month High - Here's What Happened

Key Points

• Centrica plc reached a new 52-week high of GBX 173.90 ($2.32) on Wednesday, with a trading volume of over 10.4 million shares.
• Several analysts have revised Centrica's target price upwards, with the average target now set at GBX 180.80 and a consensus rating of "Moderate Buy".
• Company insiders purchased a total of 4,210 shares valued at approximately $692,324 over the last quarter, indicating confidence in the company's future performance.

Centrica plc (LON:CNA - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as GBX 173.90 ($2.32) and last traded at GBX 173.04 ($2.31), with a volume of 10475423 shares changing hands. The stock had previously closed at GBX 173 ($2.30).

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CNA shares. Berenberg Bank boosted their target price on Centrica from GBX 155 to GBX 190 and gave the company a "buy" rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. boosted their target price on Centrica from GBX 177 to GBX 179 and gave the company a "neutral" rating in a research report on Friday, August 15th. Royal Bank Of Canada boosted their target price on Centrica from GBX 175 to GBX 200 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Finally, Citigroup restated a "buy" rating and set a GBX 185 price objective on shares of Centrica in a report on Friday, August 15th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 180.80.

Centrica Trading Down 0.4%

The stock has a fifty day moving average of GBX 164.50 and a 200-day moving average of GBX 159.22. The company has a debt-to-equity ratio of 66.48, a quick ratio of 0.40 and a current ratio of 1.77. The company has a market cap of £8.02 billion, a PE ratio of -3,745.65, a PEG ratio of 0.45 and a beta of 1.08.

Centrica (LON:CNA - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The integrated energy company reported GBX 7 earnings per share (EPS) for the quarter. Centrica had a return on equity of 25.16% and a net margin of 5.39%.

Insider Buying and Selling at Centrica

In other news, insider Sue Whalley bought 586 shares of the stock in a transaction on Thursday, September 25th. The stock was acquired at an average cost of GBX 166 per share, for a total transaction of £972.76. Also, insider Philippe Boisseau bought 1,011 shares of the stock in a transaction on Thursday, September 25th. The stock was purchased at an average price of GBX 166 per share, with a total value of £1,678.26. Insiders acquired a total of 4,210 shares of company stock valued at $692,324 over the last quarter. Company insiders own 0.22% of the company's stock.

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.

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