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

Key Points

• Centrica plc has seen its stock price rise above its two hundred day moving average, trading as high as GBX 163.50 ($2.20) before closing at GBX 160.55 ($2.16) with a trading volume of approximately 20.98 million shares.
• Analysts from Citigroup have reissued a "buy" rating for Centrica, indicating positive expectations for the stock’s future performance.
• Insider trading activity includes a significant sale of 770,946 shares by CEO Chris O'Shea, while other insiders have recently purchased shares, reflecting mixed sentiment within the company's leadership.

Shares of Centrica plc (LON:CNA - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 149.88 ($2.01) and traded as high as GBX 163.50 ($2.20). Centrica shares last traded at GBX 160.55 ($2.16), with a volume of 20,982,219 shares.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a "buy" rating on shares of Centrica in a research note on Friday.

Centrica Trading Down 1.3%

The business has a 50 day moving average of GBX 160.18 and a two-hundred day moving average of GBX 150.27. 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 firm has a market capitalization of £8.03 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 0.45 and a beta of 1.08.

Centrica (LON:CNA - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The integrated energy company reported GBX 7 ($0.09) earnings per share for the quarter. Centrica had a return on equity of 25.16% and a net margin of 5.39%.

Insider Buying and Selling

In related news, insider Philippe Boisseau acquired 1,016 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was purchased at an average cost of GBX 166 ($2.23) per share, with a total value of £1,686.56 ($2,266.27). Also, insider Chris O’Shea sold 770,946 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of GBX 168 ($2.26), for a total value of £1,295,189.28 ($1,740,377.96). Insiders have acquired a total of 3,264 shares of company stock valued at $524,068 over the last three months. Corporate 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.