Centrica (LON:CNA) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Centrica plc (LON:CNA) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 191.76 and traded as low as GBX 168.65. Centrica shares last traded at GBX 169.80, with a volume of 750,168,250 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CNA shares. JPMorgan Chase & Co. reduced their price target on Centrica from GBX 245 to GBX 235 and set an “overweight” rating for the company in a research report on Friday, May 15th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 225 price objective on shares of Centrica in a research note on Monday, May 11th. Citigroup raised their price objective on Centrica from GBX 200 to GBX 218 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 210 target price on shares of Centrica in a research note on Friday, May 8th. Finally, Berenberg Bank boosted their target price on shares of Centrica from GBX 190 to GBX 230 and gave the stock a “buy” rating in a report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Centrica has an average rating of “Moderate Buy” and a consensus price target of GBX 221.33.

Centrica Price Performance

The company has a market cap of £7.78 billion, a PE ratio of -114.53, a PEG ratio of 0.45 and a beta of 0.34. The company has a debt-to-equity ratio of 92.58, a current ratio of 1.45 and a quick ratio of 0.40. The stock’s 50-day moving average is GBX 187.59 and its 200 day moving average is GBX 191.80.

Insider Buying and Selling at Centrica

In other Centrica news, insider Frank Mastiaux acquired 1,287 shares of the stock in a transaction dated Thursday, June 25th. The stock was purchased at an average price of GBX 175 per share, with a total value of £2,252.25. Also, insider Sue Whalley acquired 490 shares of the stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of GBX 199 per share, with a total value of £975.10. In the last 90 days, insiders acquired 81,758 shares of company stock valued at $16,207,767. Corporate insiders own 0.39% 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.