Centrica (LON:CNA) Sets New 1-Year High – Should You Buy?

Centrica plc (LON:CNA) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 200.50 and last traded at GBX 199.77, with a volume of 15334211 shares trading hands. The stock had previously closed at GBX 194.40.

Analyst Ratings Changes

A number of brokerages have issued reports on CNA. Royal Bank Of Canada lifted their price target on shares of Centrica from GBX 200 to GBX 215 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Citigroup lifted their price objective on 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 198.80.

Centrica Trading Up 2.8%

The stock has a market cap of £9.03 billion, a PE ratio of -133.18, a PEG ratio of 0.45 and a beta of 0.48. 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 stock has a fifty day moving average price of GBX 186.90 and a 200 day moving average price of GBX 174.77.

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

Insider Buying and Selling at Centrica

In other news, insider Philippe Boisseau bought 1,116 shares of Centrica stock in a transaction dated Monday, December 29th. The shares were acquired at an average price of GBX 168 per share, with a total value of £1,874.88. Also, insider Frank Mastiaux bought 7,544 shares of the stock in a transaction dated Wednesday, February 25th. The stock was purchased at an average price of GBX 190 per share, with a total value of £14,333.60. Insiders have bought 11,806 shares of company stock worth $2,190,933 over the last quarter. 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.