Centrica (LON:CNA) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Centrica plc's stock price has surpassed its 200-day moving average, currently trading at GBX 164.55 ($2.19), with a recent trading peak of GBX 165.95 ($2.21).
• Analysts have recently increased their price target for Centrica from GBX 175 ($2.33) to GBX 200 ($2.66), reflecting a positive outlook on the stock.
• Centrica reported an EPS of GBX 7 ($0.09) for the last quarter, with a net margin of 5.39% and a return on equity of 25.16%.

Centrica plc (LON:CNA - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 151.57 ($2.04) and traded as high as GBX 165.95 ($2.23). Centrica shares last traded at GBX 164.55 ($2.21), with a volume of 16,029,528 shares changing hands.

Analysts Set New Price Targets

CNA has been the topic of several analyst reports. Citigroup restated a "buy" rating on shares of Centrica in a research report on Friday, July 25th. Royal Bank Of Canada raised their target price on Centrica from GBX 175 ($2.35) to GBX 200 ($2.69) and gave the company an "outperform" rating in a research report on Tuesday, July 29th.

Centrica Trading Down 0.9%

The company has a market capitalization of £8.26 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 0.45 and a beta of 1.08. The firm has a 50-day moving average price of GBX 161.69 and a 200-day moving average price of GBX 152.19. The company has a current ratio of 1.77, a quick ratio of 0.40 and a debt-to-equity ratio of 66.48.

Centrica (LON:CNA - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The integrated energy company reported GBX 7 ($0.09) 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 related news, insider Philippe Boisseau acquired 1,222 shares of Centrica stock in a transaction dated Friday, May 30th. The stock was acquired at an average cost of GBX 157 ($2.11) per share, with a total value of £1,918.54 ($2,580.42). Also, insider Chris O’Shea sold 770,946 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of GBX 168 ($2.26), for a total value of £1,295,189.28 ($1,742,016.52). Over the last quarter, insiders have bought 4,299 shares of company stock worth $692,773. 0.20% of the stock is owned by 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.