Centrica (LON:CNA) Reaches New 52-Week High – Here’s What Happened

Centrica plc (LON:CNA) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 196.90 and last traded at GBX 196.80, with a volume of 9926298 shares. The stock had previously closed at GBX 193.50.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CNA shares. Royal Bank Of Canada raised their price target on shares of Centrica from GBX 200 to GBX 215 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Citigroup lifted their target price on shares of Centrica from GBX 185 to GBX 200 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Centrica presently has an average rating of “Moderate Buy” and a consensus target price of GBX 198.80.

Centrica Price Performance

The company has a debt-to-equity ratio of 66.48, a current ratio of 1.77 and a quick ratio of 0.40. The firm has a market capitalization of £8.44 billion, a price-to-earnings ratio of -40.56, a PEG ratio of 0.45 and a beta of 1.08. The business’s fifty day simple moving average is GBX 180.18 and its 200 day simple moving average is GBX 172.13.

Insider Buying and Selling

In other news, insider Philippe Boisseau purchased 1,116 shares of the business’s stock in a transaction on Monday, December 29th. The shares were acquired at an average price of GBX 168 per share, for a total transaction of £1,874.88. Also, insider Sue Whalley acquired 600 shares of Centrica stock in a transaction on Tuesday, November 25th. The stock was purchased at an average cost of GBX 163 per share, with a total value of £978. Over the last ninety days, insiders have purchased 5,429 shares of company stock worth $933,943. 0.39% of the stock is owned by company insiders.

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. Our Infrastructure businesses bring gas and electricity to the market every day and provide more than half of the UK’s gas storage capacity, while our Optimisation business delivers world-class procurement and route-to-market capabilities to the Group and third parties, supporting energy security and our customers’ decarbonisation journeys.