Insider Selling: Centrica (LON:CNA) Insider Sells 609,412 Shares of Stock

Key Points

• Insider sale: Centrica insider Chris O'Shea sold 609,412 shares on March 23 at an average price of GBX 200, for a total of £1,218,824.
• Trading/valuation note: Shares fell to GBX 197.30 on unusually heavy volume (926,333,813 shares vs. average 31,996,355), with a market cap of £8.92 billion and a 1‑year range of GBX 137.55–214.
• Analyst outlook: Several brokers raised targets (Citigroup to GBX 218, RBC to GBX 215) and the consensus rating is a Moderate Buy with an average target of GBX 202.40.

Centrica plc (LON:CNA - Get Free Report) insider Chris O’Shea sold 609,412 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of GBX 200, for a total transaction of £1,218,824.

Centrica Stock Performance

Shares of CNA stock traded down GBX 5.80 during trading hours on Monday, reaching GBX 197.30. 926,333,813 shares of the company's stock were exchanged, compared to its average volume of 31,996,355. The company's 50 day moving average is GBX 193.12 and its two-hundred day moving average is GBX 177.93. Centrica plc has a 1 year low of GBX 137.55 and a 1 year high of GBX 214. The company has a market cap of £8.92 billion, a P/E ratio of -131.53, a price-to-earnings-growth ratio of 0.45 and a beta of 0.48. The company has a debt-to-equity ratio of 98.77, a current ratio of 1.45 and a quick ratio of 0.40.

Centrica (LON:CNA - Get Free Report) last announced its quarterly earnings results on Friday, February 20th. The integrated energy company reported GBX 11.20 earnings per share for the quarter. Centrica had a return on equity of 1.68% and a net margin of 0.37%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CNA. Citigroup lifted their target price on Centrica from GBX 200 to GBX 218 and gave the stock a "buy" rating in a research report on Wednesday, March 11th. Royal Bank Of Canada increased their price objective on shares of Centrica from GBX 200 to GBX 215 and gave the company an "outperform" rating in a research note on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 202.40.

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. Our Infrastructure businesses bring gas and electricity to the market every day and provide more than half of the UK's gas storage capacity, while our Optimisation business delivers world-class procurement and route-to-market capabilities to the Group and third parties, supporting energy security and our customers' decarbonisation journeys.

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