Centrica (LON:CNA) Reaches New 1-Year High – Here’s What Happened

Centrica plc (LON:CNA) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 183.08 and last traded at GBX 182.70, with a volume of 28101750 shares traded. The stock had previously closed at GBX 180.75.

Analysts Set New Price Targets

CNA has been the subject of a number of recent research reports. Barclays raised shares of Centrica to an “overweight” rating and boosted their price objective for the stock from GBX 180 to GBX 210 in a research note on Thursday, October 16th. Citigroup lowered Centrica to a “neutral” rating and set a GBX 185 price target for the company. in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 192.80.

Centrica Stock Up 1.1%

The company’s fifty day simple moving average is GBX 170.62 and its 200-day simple moving average is GBX 167.47. The firm has a market capitalization of £8.27 billion, a PE ratio of -39.72, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. The company has a debt-to-equity ratio of 66.48, a current ratio of 1.77 and a quick ratio of 0.40.

Insider Buying and Selling

In other Centrica news, insider Chris O’Shea purchased 247 shares of the stock in a transaction on Thursday, October 30th. The stock was acquired at an average price of GBX 177 per share, with a total value of £437.19. Also, insider Philippe Boisseau purchased 1,116 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were acquired at an average price of GBX 168 per share, for a total transaction of £1,874.88. Insiders have acquired a total of 5,798 shares of company stock worth $985,915 in the last ninety days. 0.22% of the stock is owned by insiders.

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.