Centrica (LON:CNA) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Centrica plc (LON:CNA)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 127.54 ($1.59) and traded as high as GBX 142.90 ($1.78). Centrica shares last traded at GBX 140.90 ($1.76), with a volume of 11,081,463 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CNA shares. Citigroup reiterated a “top pick” rating on shares of Centrica in a research report on Thursday, December 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 150 ($1.87) price objective on shares of Centrica in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 167 ($2.08).

Centrica Stock Down 0.6 %

The stock has a market cap of £7.31 billion, a price-to-earnings ratio of 640.45, 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 61.65. The firm’s 50 day moving average is GBX 132.63 and its two-hundred day moving average is GBX 127.54.

Insider Activity at Centrica

In other news, insider Amber Rudd acquired 1,688 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average cost of GBX 129 ($1.61) per share, for a total transaction of £2,177.52 ($2,717.82). Over the last 90 days, insiders have bought 5,281 shares of company stock valued at $680,162. Company insiders own 0.20% of the company’s stock.

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.