Centrica (LON:CNA) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Centrica plc (LON:CNA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 128.82 ($1.63) and traded as high as GBX 132.36 ($1.67). Centrica shares last traded at GBX 131.15 ($1.66), with a volume of 22,731,568 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 150 ($1.89) price target on shares of Centrica in a report on Friday, December 6th. Citigroup reiterated a “top pick” rating on shares of Centrica in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 167 ($2.11).

Centrica Stock Down 0.3 %

The company has a quick ratio of 0.40, a current ratio of 1.77 and a debt-to-equity ratio of 61.65. The business has a 50-day moving average price of GBX 122.55 and a 200-day moving average price of GBX 128.82. The firm has a market capitalization of £6.81 billion, a PE ratio of 596.14, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08.

Insider Activity

In other Centrica news, insider Kevin O’Byrne acquired 50,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average cost of GBX 123 ($1.55) per share, for a total transaction of £61,500 ($77,622.11). Also, insider Amber Rudd acquired 1,635 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average price of GBX 122 ($1.54) per share, with a total value of £1,994.70 ($2,517.61). Insiders purchased 55,237 shares of company stock worth $6,784,644 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

About Centrica

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.