Centrica (LON:CNA) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

• Centrica's stock price has recently crossed above its 200-day moving average, indicating potential upward momentum.
• Equities analysts exhibited increased confidence in Centrica, with the Royal Bank of Canada raising their price target to GBX 200 and maintaining an "outperform" rating.
• Recent insider activity included sales and purchases, with insider Chris O'Shea selling 770,946 shares, while Philippe Boisseau acquired 1,028 shares, reflecting mixed sentiment among company insiders.

Centrica plc (LON:CNA - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 155.71 ($2.11) and traded as high as GBX 157.35 ($2.13). Centrica shares last traded at GBX 156.70 ($2.12), with a volume of 16,329,565 shares traded.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Centrica from GBX 175 to GBX 200 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Centrica from GBX 177 to GBX 179 and gave the company a "neutral" rating in a research note on Friday, August 15th. Finally, Citigroup reissued a "buy" rating and issued a GBX 185 target price on shares of Centrica in a research note on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 178.50.

Centrica Stock Performance

The stock's fifty day moving average is GBX 160.55 and its two-hundred day moving average is GBX 155.71. The firm has a market capitalization of £7.38 billion, a price-to-earnings ratio of -3,406.52, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. The company has a debt-to-equity ratio of 66.48, a quick ratio of 0.40 and a current ratio of 1.77.

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

Insiders Place Their Bets

In other Centrica news, 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, for a total transaction of £1,295,189.28. Also, insider Philippe Boisseau acquired 1,028 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were bought at an average cost of GBX 164 per share, with a total value of £1,685.92. Over the last ninety days, insiders have purchased 3,454 shares of company stock valued at $565,909. Company insiders own 0.34% 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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