Centrica (LON:CNA) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Centrica plc (LON:CNA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 129.27 ($1.67) and traded as high as GBX 145.05 ($1.88). Centrica shares last traded at GBX 143.80 ($1.86), with a volume of 70,224,125 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CNA. Citigroup reaffirmed a “top pick” rating on shares of Centrica in a research report on Thursday, December 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 150 ($1.94) 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 167 ($2.16).

Centrica Stock Performance

The company has a market capitalization of £7.19 billion, a PE ratio of 6.85, a PEG ratio of 0.45 and a beta of 1.08. The company has a quick ratio of 0.40, a current ratio of 1.77 and a debt-to-equity ratio of 66.48. The business has a 50 day simple moving average of GBX 139.93 and a 200 day simple moving average of GBX 129.27.

Centrica (LON:CNA) last announced its quarterly earnings data on Thursday, February 20th. The integrated energy company reported GBX 19 ($0.25) earnings per share (EPS) for the quarter. Centrica had a return on equity of 25.16% and a net margin of 5.39%.

Insider Transactions at Centrica

In related news, insider Amber Rudd purchased 1,672 shares of Centrica stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average cost of GBX 135 ($1.75) per share, for a total transaction of £2,257.20 ($2,923.83). Insiders bought a total of 4,955 shares of company stock worth $683,896 over the last three months. 0.20% of the stock is currently owned by 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.