Centrica (LON:CNA) Hits New 1-Year Low - Here's What Happened

Key Points

• Centrica shares hit a new 52-week low of GBX 146.20 and were last trading at GBX 146.35, down 0.7% on the session.
• Berenberg lowered its price target from GBX 230 to GBX 200 but maintained a “Buy” rating. Overall, analysts rate the stock “Moderate Buy,” with an average target of GBX 216.33.
• Centrica reported quarterly earnings of GBX 6.80 per share, while insiders purchased 5,200 shares worth approximately $846,247 during the last quarter.

Centrica plc (LON:CNA - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as GBX 146.20 and last traded at GBX 146.35, with a volume of 17552984 shares traded. The stock had previously closed at GBX 147.20.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price target on shares of Centrica from GBX 230 to GBX 200 and set a "buy" rating on the stock in a report on Monday, July 27th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 216.33.

Centrica Trading Down 0.7%

The company has a quick ratio of 0.40, a current ratio of 1.43 and a debt-to-equity ratio of 80.68. The firm has a market cap of £6.62 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.45 and a beta of 0.32. The company has a 50-day moving average price of GBX 158.86 and a 200 day moving average price of GBX 183.55.

Centrica (LON:CNA - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The integrated energy company reported GBX 6.80 earnings per share for the quarter. Centrica had a return on equity of 21.92% and a net margin of 3.64%.

Insider Transactions at Centrica

In related news, insider Frank Mastiaux purchased 1,448 shares of Centrica stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average cost of GBX 155 per share, with a total value of £2,244.40. Also, insider Sue Whalley acquired 600 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were bought at an average cost of GBX 162 per share, for a total transaction of £972. Insiders bought a total of 5,200 shares of company stock worth $846,247 in the last quarter. 0.22% of the stock is owned by corporate 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. 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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