Centrica (LON:CNA) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Centrica plc (LON:CNA) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 166 and traded as high as GBX 169.20. Centrica shares last traded at GBX 168.40, with a volume of 4,122,635 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays raised shares of Centrica to an “overweight” rating and lifted their target price for the stock from GBX 180 to GBX 210 in a report on Thursday, October 16th. Citigroup lowered Centrica to a “neutral” rating and set a GBX 185 price target on the stock. in a research report on Tuesday, October 28th. Finally, Berenberg Bank upped their price objective on Centrica from GBX 155 to GBX 190 and gave the company a “buy” rating in a report on Thursday, September 11th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 192.80.

Centrica Trading Down 0.4%

The company’s fifty day simple moving average is GBX 170.79 and its two-hundred day simple moving average is GBX 166.01. The company has a market capitalization of £7.69 billion, a price-to-earnings ratio of -36.61, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. The company has a quick ratio of 0.40, a current ratio of 1.77 and a debt-to-equity ratio of 66.48.

Insider Buying and Selling

In other Centrica news, insider Sue Whalley bought 600 shares of the firm’s 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. Also, insider Philippe Boisseau purchased 1,080 shares of the stock in a transaction on Tuesday, November 25th. The stock was acquired at an average price of GBX 163 per share, with a total value of £1,760.40. In the last quarter, insiders have acquired 4,114 shares of company stock valued at $701,199. 0.22% of the stock is owned by company 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.