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

Key Points

• Centrica plc shares have exceeded their 200-day moving average, trading at GBX 167.79 ($2.26) after reaching a high of GBX 169.45 ($2.28).
• Several analysts maintain a "buy" rating for Centrica, with price targets ranging from GBX 179 to GBX 200, indicating positive expectations for the stock.
• Insider activity shows that company insiders have purchased a total of 2,629 shares in the last 90 days, suggesting confidence in the company's future performance.

Centrica plc (LON:CNA - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 156.90 ($2.11) and traded as high as GBX 169.45 ($2.28). Centrica shares last traded at GBX 167.79 ($2.26), with a volume of 23,902,627 shares.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CNA shares. Citigroup restated a "buy" rating and issued a GBX 185 price target on shares of Centrica in a research report on Friday, August 15th. Berenberg Bank lifted their price objective on shares of Centrica from GBX 155 to GBX 190 and gave the company a "buy" rating in a research report on Thursday, September 11th. Royal Bank Of Canada lifted their price objective on shares of Centrica from GBX 175 to GBX 200 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Centrica from GBX 177 to GBX 179 and gave the company a "neutral" rating in a research 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. According to data from MarketBeat.com, Centrica currently has a consensus rating of "Moderate Buy" and an average price target of GBX 180.80.

Centrica Stock Performance

The company's 50 day simple moving average is GBX 162.34 and its 200 day simple moving average is GBX 156.90. 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 stock has a market cap of £7.90 billion, a price-to-earnings ratio of -3,647.61, 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 EPS for the quarter. Centrica had a net margin of 5.39% and a return on equity of 25.16%.

Insider Activity

In other Centrica news, insider Philippe Boisseau bought 1,035 shares of Centrica stock in a transaction dated Friday, July 25th. The shares were bought at an average price of GBX 163 per share, with a total value of £1,687.05. Over the last 90 days, insiders have bought 2,629 shares of company stock valued at $427,240. 0.34% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.