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

Centrica plc (LON:CNA) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 210.20 and last traded at GBX 209.90, with a volume of 61608813 shares trading hands. The stock had previously closed at GBX 207.20.

Wall Street Analysts Forecast Growth

CNA has been the subject of several research analyst reports. Citigroup increased their target price on shares of Centrica from GBX 200 to GBX 218 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Royal Bank Of Canada raised their price objective on shares of Centrica from GBX 200 to GBX 215 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 202.40.

Centrica Price Performance

The company has a debt-to-equity ratio of 98.77, a quick ratio of 0.40 and a current ratio of 1.45. The company’s 50 day moving average price is GBX 189.51 and its 200-day moving average price is GBX 175.85. The company has a market cap of £9.45 billion, a price-to-earnings ratio of -139.33, a PEG ratio of 0.45 and a beta of 0.48.

Centrica (LON:CNA) last released its earnings results on Friday, February 20th. The integrated energy company reported GBX 11.20 EPS for the quarter. Centrica had a net margin of 0.37% and a return on equity of 1.68%.

Insider Transactions at Centrica

In related news, insider Philippe Boisseau bought 1,021 shares of Centrica stock in a transaction dated Monday, January 26th. The stock was acquired at an average cost of GBX 184 per share, with a total value of £1,878.64. Also, insider Frank Mastiaux purchased 7,544 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was bought at an average price of GBX 190 per share, with a total value of £14,333.60. Insiders purchased a total of 11,702 shares of company stock valued at $2,175,965 in the last three months. 0.39% of the stock is currently owned by corporate 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. 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.