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

Key Points

• Centrica's stock crossed above its 200-day moving average, trading as high as GBX 164 ($2.23) before closing at GBX 162.14 ($2.20) with a trading volume of over 54 million shares.
• Analysts have issued positive ratings, with Citigroup reaffirming a "buy" stance, while the Royal Bank of Canada raised its price target from GBX 175 to GBX 200.
• Insider activity includes a purchase by Philippe Boisseau of 1,035 shares at an average price of GBX 163, contrasting with the sale of nearly 771,000 shares by Chris O'Shea at an average of GBX 168.

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 152.63 ($2.07) and traded as high as GBX 164 ($2.23). Centrica shares last traded at GBX 162.14 ($2.20), with a volume of 54,514,129 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Citigroup reaffirmed a "buy" rating on shares of Centrica in a research note on Friday, July 25th. Royal Bank Of Canada raised their price objective on shares of Centrica from GBX 175 ($2.38) to GBX 200 ($2.72) and gave the stock an "outperform" rating in a report on Tuesday, July 29th.

Centrica Stock Up 1.5%

The company's fifty day moving average price is GBX 161.80 and its 200-day moving average price is GBX 152.63. The stock has a market capitalization of £8.22 billion, a PE ratio of 7.84, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. 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 issued its earnings results on Thursday, July 24th. The integrated energy company reported GBX 7 ($0.10) 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 bought 1,035 shares of the business's stock in a transaction on Friday, July 25th. The stock was acquired at an average price of GBX 163 ($2.21) per share, with a total value of £1,687.05 ($2,290.94). Also, insider Chris O’Shea sold 770,946 shares of Centrica stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of GBX 168 ($2.28), for a total transaction of £1,295,189.28 ($1,758,812.17). Over the last quarter, insiders have acquired 4,380 shares of company stock worth $707,572. Company insiders own 0.20% 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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