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

Centrica plc (LON:CNA) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 146.20 and last traded at GBX 146.35, with a volume of 17552984 shares changing hands. The stock had previously closed at GBX 147.20.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price objective on shares of Centrica from GBX 230 to GBX 200 and set a “buy” rating on the stock in a research report on Monday, July 27th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 216.33.

Centrica Price Performance

The stock has a market capitalization of £6.62 billion, a P/E ratio of 9.68, a PEG ratio of 0.45 and a beta of 0.32. The stock’s fifty day moving average is GBX 158.86 and its 200-day moving average is GBX 183.55. The company has a debt-to-equity ratio of 80.68, a current ratio of 1.43 and a quick ratio of 0.40.

Centrica (LON:CNA) last posted its earnings results on Thursday, July 23rd. The integrated energy company reported GBX 6.80 EPS for the quarter. Centrica had a net margin of 3.64% and a return on equity of 21.92%.

Insider Transactions at Centrica

In related news, insider Frank Mastiaux bought 1,448 shares of Centrica stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average cost of GBX 155 per share, for a total transaction of £2,244.40. Also, insider Sue Whalley bought 600 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were bought at an average cost of GBX 162 per share, with a total value of £972. In the last three months, insiders have bought 5,200 shares of company stock worth $846,247. 0.22% of the stock is currently 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.