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

Key Points

• Centrica plc shares have reached a new 52-week high of GBX 169.15 ($2.25), indicating strong trading activity with over 31 million shares traded.
• Equities analysts are optimistic, with Citigroup reiterating a "buy" rating and Royal Bank Of Canada increasing the price target from GBX 175 ($2.33) to GBX 200 ($2.66).
• The company reported earnings of GBX 7 ($0.09) per share and has a net margin of 5.39%, showing profitability amidst its operations.

Centrica plc (LON:CNA - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 169.15 ($2.27) and last traded at GBX 169.15 ($2.27), with a volume of 31206457 shares traded. The stock had previously closed at GBX 164.60 ($2.21).

Analysts Set New Price Targets

A number of research firms have issued reports on CNA. Royal Bank Of Canada increased their price target on Centrica from GBX 175 ($2.35) to GBX 200 ($2.69) and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Citigroup reiterated a "buy" rating on shares of Centrica in a report on Friday, July 25th.

Centrica Trading Down 0.9%

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 business has a fifty day moving average of GBX 161.69 and a 200-day moving average of GBX 152.29. The company has a market capitalization of £8.26 billion, a P/E ratio of 7.88, a PEG ratio of 0.45 and a beta of 1.08.

Centrica (LON:CNA - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The integrated energy company reported GBX 7 ($0.09) earnings per share 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 related news, insider Philippe Boisseau acquired 1,222 shares of the company's stock in a transaction on Friday, May 30th. The shares were acquired at an average cost of GBX 157 ($2.11) per share, for a total transaction of £1,918.54 ($2,579.38). Also, insider Chris O’Shea sold 770,946 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of GBX 168 ($2.26), for a total value of £1,295,189.28 ($1,741,313.90). Over the last 90 days, insiders have acquired 4,299 shares of company stock worth $692,773. Company insiders own 0.20% of the company's stock.

About Centrica

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.