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

Centrica plc (LON:CNA) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 127.49 ($1.57) and traded as high as GBX 139.15 ($1.72). Centrica shares last traded at GBX 137.70 ($1.70), with a volume of 10,100,002 shares.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CNA shares. Citigroup reaffirmed a “top pick” rating on shares of Centrica in a report on Thursday, December 5th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 150 ($1.85) price target on shares of Centrica in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 167 ($2.06).

Centrica Stock Performance

The firm has a market cap of £7.15 billion, a PE ratio of 625.91, a PEG ratio of 0.45 and a beta of 1.08. The firm’s 50 day simple moving average is GBX 128.55 and its 200 day simple moving average is GBX 127.49. The company has a current ratio of 1.77, a quick ratio of 0.40 and a debt-to-equity ratio of 61.65.

Insider Buying and Selling

In related news, insider Amber Rudd purchased 1,688 shares of Centrica stock in a transaction dated Friday, December 27th. The stock was purchased at an average cost of GBX 129 ($1.59) per share, with a total value of £2,177.52 ($2,684.98). Also, insider Kevin O’Byrne purchased 50,000 shares of the stock in a transaction dated Monday, October 28th. The stock was purchased at an average price of GBX 123 ($1.52) per share, for a total transaction of £61,500 ($75,832.31). In the last ninety days, insiders bought 55,244 shares of company stock valued at $6,803,912. Company insiders own 0.20% 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.