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

Shares of Centrica plc (LON:CNA) hit a new 52-week high on Friday . The company traded as high as GBX 181.15 and last traded at GBX 181.15, with a volume of 21360174 shares. The stock had previously closed at GBX 176.75.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays upgraded shares of Centrica to an “overweight” rating and boosted their target price for the stock from GBX 180 to GBX 210 in a research report on Thursday, October 16th. Berenberg Bank upped their target price on shares of Centrica from GBX 155 to GBX 190 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Finally, Citigroup cut shares of Centrica to a “neutral” rating and set a GBX 185 target price for the company. in a report on Tuesday, October 28th. Three 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 stock presently has an average rating of “Moderate Buy” and an average target price of GBX 192.80.

Centrica Price Performance

The company has a debt-to-equity ratio of 66.48, a quick ratio of 0.40 and a current ratio of 1.77. The stock has a market capitalization of £8.22 billion, a PE ratio of -39.47, a P/E/G ratio of 0.45 and a beta of 1.08. The company’s fifty day simple moving average is GBX 170.04 and its two-hundred day simple moving average is GBX 166.41.

Insider Buying and Selling

In related news, insider Philippe Boisseau purchased 1,116 shares of the company’s stock in a transaction on Monday, December 29th. The stock was bought at an average price of GBX 168 per share, with a total value of £1,874.88. Also, insider Sue Whalley purchased 600 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was bought at an average cost of GBX 163 per share, with a total value of £978. Insiders purchased 5,809 shares of company stock worth $985,959 in the last ninety days. Insiders own 0.22% 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. 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.