Centrica (LON:CNA) Hits New 1-Year High – Here’s Why

Centrica plc (LON:CNA)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 150.25 ($1.89) and last traded at GBX 143.55 ($1.81), with a volume of 51904449 shares. The stock had previously closed at GBX 135.90 ($1.71).

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CNA shares. Citigroup restated a “top pick” rating on shares of Centrica in a report on Thursday, December 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 150 ($1.89) target price on shares of Centrica in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 167 ($2.10).

Centrica Stock Up 5.6 %

The firm has a market cap of £7.17 billion, a P/E ratio of 6.84, a P/E/G ratio of 0.45 and a beta of 1.08. The firm’s fifty day moving average is GBX 134.61 and its 200 day moving average is GBX 127.55. The company has a debt-to-equity ratio of 66.48, a quick ratio of 0.40 and a current ratio of 1.77.

Centrica (LON:CNA) last released its quarterly earnings results on Thursday, February 20th. The integrated energy company reported GBX 19 ($0.24) earnings per share for the quarter. Centrica had a net margin of 5.39% and a return on equity of 25.16%.

Insider Buying and Selling

In other Centrica news, insider Amber Rudd purchased 1,624 shares of the business’s stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of GBX 123 ($1.55) per share, for a total transaction of £1,997.52 ($2,513.55). Insiders have bought 5,096 shares of company stock worth $658,232 in the last 90 days. 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.