Centrica (LON:CNA) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Centrica plc (LON:CNA)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 165.68 and traded as high as GBX 167.90. Centrica shares last traded at GBX 167.40, with a volume of 29,650,734 shares changing hands.

Wall Street Analyst Weigh In

CNA has been the topic of a number of recent research reports. Berenberg Bank upped their target price on shares of Centrica from GBX 155 to GBX 190 and gave the company a “buy” rating in a report on Thursday, September 11th. Citigroup downgraded shares of Centrica to a “neutral” rating and set a GBX 185 price objective on the stock. in a research note on Tuesday, October 28th. Finally, Barclays upgraded shares of Centrica to an “overweight” rating and raised their target price for the stock from GBX 180 to GBX 210 in a research report on Thursday, October 16th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Centrica presently has an average rating of “Moderate Buy” and an average price target of GBX 192.80.

Centrica Stock Performance

The company has a market cap of £7.73 billion, a price-to-earnings ratio of -36.83, a P/E/G ratio of 0.45 and a beta of 1.08. The company has a current ratio of 1.77, a quick ratio of 0.40 and a debt-to-equity ratio of 66.48. The stock’s 50 day moving average price is GBX 171.16 and its 200 day moving average price is GBX 165.76.

Insider Buying and Selling at Centrica

In other news, insider Philippe Boisseau bought 1,080 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were acquired at an average cost of GBX 163 per share, with a total value of £1,760.40. Also, insider Chris O’Shea bought 247 shares of Centrica stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average price of GBX 177 per share, for a total transaction of £437.19. Insiders have purchased a total of 5,711 shares of company stock worth $966,301 in the last quarter. 0.22% of the stock is owned by 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.