Centrica (LON:CNA) Trading Down 10% – Time to Sell?

Shares of Centrica plc (LON:CNA) traded down 10% during mid-day trading on Thursday . The company traded as low as GBX 160.95 and last traded at GBX 161.75. 54,590,605 shares were traded during mid-day trading, an increase of 52% from the average daily volume of 35,814,695 shares. The stock had previously closed at GBX 179.80.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CNA shares. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 225 price objective on shares of Centrica in a research note on Monday, May 11th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 210 price target on shares of Centrica in a report on Friday, May 8th. JPMorgan Chase & Co. lowered their price target on shares of Centrica from GBX 245 to GBX 235 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Finally, Berenberg Bank raised their price objective on shares of Centrica from GBX 190 to GBX 230 and gave the stock a “buy” rating in a research report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 221.33.

Centrica Trading Down 10.0%

The business has a fifty day moving average price of GBX 181.94 and a two-hundred day moving average price of GBX 192.11. The company has a current ratio of 1.45, a quick ratio of 0.40 and a debt-to-equity ratio of 92.58. The firm has a market capitalization of £7.33 billion, a PE ratio of -107.83, a PEG ratio of 0.45 and a beta of 0.34.

Centrica (LON:CNA) last issued its quarterly earnings data on Thursday, July 23rd. The integrated energy company reported GBX 6.80 earnings per share (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 other news, insider Frank Mastiaux purchased 1,287 shares of the stock in a transaction dated Thursday, June 25th. The stock was acquired at an average cost of GBX 175 per share, for a total transaction of £2,252.25. Also, insider Chris O’Shea acquired 456 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of GBX 202 per share, with a total value of £921.12. Insiders have acquired 81,703 shares of company stock worth $16,192,642 in the last three months. Company insiders own 0.39% of the company’s stock.

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.