Centrica (LON:CNA) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Centrica plc (LON:CNA)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 130.06 ($1.68) and traded as high as GBX 146.55 ($1.89). Centrica shares last traded at GBX 144.52 ($1.87), with a volume of 61,669,555 shares traded.

Analyst Ratings Changes

CNA has been the subject of several research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 150 ($1.94) price objective on shares of Centrica in a research report on Friday, December 6th. Citigroup reiterated a “top pick” rating on shares of Centrica in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 167 ($2.16).

Centrica Stock Performance

The company has a market capitalization of £7.22 billion, a price-to-earnings ratio of 6.89, a P/E/G ratio of 0.45 and a beta of 1.08. The company has a 50 day moving average price of GBX 141.10 and a 200 day moving average price of GBX 130.06. 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 announced its quarterly earnings results 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%.

Centrica Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 1st will be issued a dividend of GBX 3 ($0.04) per share. This is a boost from Centrica’s previous dividend of $1.50. This represents a dividend yield of 2.08%. The ex-dividend date is Thursday, May 1st. Centrica’s dividend payout ratio (DPR) is currently 19.06%.

Insider Transactions at Centrica

In related news, insider Amber Rudd bought 1,483 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average price of GBX 152 ($1.96) per share, with a total value of £2,254.16 ($2,910.47). Insiders acquired a total of 4,955 shares of company stock valued at $683,896 over the last three months. Corporate 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.