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Centrica (LON:CNA) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Centrica logo with Utilities background

Centrica plc (LON:CNA - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 155.17 ($2.09) and traded as high as GBX 159.90 ($2.16). Centrica shares last traded at GBX 155.35 ($2.10), with a volume of 17,174,422 shares.

Analyst Upgrades and Downgrades

Several research firms recently commented on CNA. Citigroup reaffirmed a "buy" rating and set a GBX 185 target price on shares of Centrica in a report on Friday, August 15th. Royal Bank Of Canada raised their target price on Centrica from GBX 175 to GBX 200 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. raised their target price on Centrica from GBX 177 to GBX 179 and gave the stock a "neutral" rating in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Centrica presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 178.50.

Read Our Latest Stock Report on Centrica

Centrica Stock Performance

The company has a debt-to-equity ratio of 66.48, a current ratio of 1.77 and a quick ratio of 0.40. The firm has a fifty day simple moving average of GBX 160.86 and a 200 day simple moving average of GBX 155.65. The company has a market capitalization of £7.34 billion, a price-to-earnings ratio of -3,363.13, a price-to-earnings-growth 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 return on equity of 25.16% and a net margin of 5.39%.

Insider Activity at Centrica

In other news, insider Chris O’Shea sold 770,946 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of GBX 168, for a total value of £1,295,189.28. Also, insider Philippe Boisseau bought 1,035 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was purchased at an average price of GBX 163 per share, for a total transaction of £1,687.05. In the last 90 days, insiders bought 3,637 shares of company stock worth $595,921. Company insiders own 0.34% of the company's stock.

About Centrica

(Get Free Report)

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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