Centrica (LON:CNA) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

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 passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 155.71 ($2.13) and traded as high as GBX 157.35 ($2.15). Centrica shares last traded at GBX 156.70 ($2.14), with a volume of 16,329,565 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CNA shares. Royal Bank Of Canada increased their price objective on shares of Centrica from GBX 175 to GBX 200 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. Berenberg Bank upped their target price on shares of Centrica from GBX 155 to GBX 190 and gave the company a "buy" rating in a research note on Thursday, September 11th. Citigroup reiterated a "buy" rating and issued a GBX 185 price target on shares of Centrica in a research note on Friday, August 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Centrica from GBX 177 to GBX 179 and gave the company a "neutral" rating in a report on Friday, August 15th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Centrica has a consensus rating of "Moderate Buy" and a consensus target price of GBX 180.80.

Centrica Trading Down 2.1%

The stock has a market cap of £7.69 billion, a P/E ratio of -3,551.09, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. The firm's 50 day simple moving average is GBX 160.83 and its two-hundred day simple moving average is GBX 156.11. The company has a quick ratio of 0.40, a current ratio of 1.77 and a debt-to-equity ratio of 66.48.

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

Insider Activity at Centrica

In other news, insider Chris O’Shea sold 770,946 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of GBX 168, for a total transaction of £1,295,189.28. Also, insider Philippe Boisseau purchased 1,035 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was bought at an average cost of GBX 163 per share, for a total transaction of £1,687.05. Insiders have bought 3,645 shares of company stock valued at $595,896 over the last ninety days. Corporate insiders own 0.34% 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.