Centrica (LON:CNA) Sets New 12-Month Low - What's Next?

Key Points

• Centrica shares hit a new 52-week low, falling to GBX 144 and closing near GBX 145.58, down about 1.0% with more than 15.3 million shares traded.
• Berenberg cut its price target from GBX 230 to GBX 200 but maintained a “Buy” rating. Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average target of GBX 216.33.
• Insiders have been buying shares, including Kevin O’Byrne’s purchase of 68,000 shares and Frank Mastiaux’s purchase of 1,506 shares; insiders acquired 209,870 shares over the last quarter.

Centrica plc (LON:CNA - Get Free Report)'s stock price hit a new 52-week low on Tuesday. The stock traded as low as GBX 144 and last traded at GBX 145.58, with a volume of 15376127 shares changing hands. The stock had previously closed at GBX 146.55.

Analyst Ratings Changes

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

Centrica Trading Down 1.0%

The stock has a market capitalization of £6.57 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.45 and a beta of 0.32. The company's 50 day moving average is GBX 154.16 and its 200 day moving average is GBX 180.28. The company has a debt-to-equity ratio of 80.68, a quick ratio of 0.40 and a current ratio of 1.43.

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 (EPS) for the quarter. Centrica had a net margin of 3.64% and a return on equity of 21.92%.

Insider Buying and Selling at Centrica

In other news, insider Frank Mastiaux bought 1,506 shares of the firm's stock in a transaction that occurred on Friday, September 25th. The shares were acquired at an average cost of GBX 149 per share, with a total value of £2,243.94. Also, insider Kevin O'Byrne purchased 68,000 shares of the business's stock in a transaction on Monday, September 21st. The stock was purchased at an average cost of GBX 148 per share, with a total value of £100,640. Insiders acquired 209,870 shares of company stock valued at $31,105,515 over the last quarter. Company insiders own 0.22% of the company's stock.

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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