Centrica (LON:CNA) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Centrica plc (LON:CNA) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 164.90 and traded as high as GBX 170.15. Centrica shares last traded at GBX 169.24, with a volume of 12,919,184 shares trading hands.

Analyst Ratings Changes

CNA has been the subject of a number of recent research reports. Berenberg Bank boosted their price objective on shares of Centrica from GBX 155 to GBX 190 and gave the stock a “buy” rating in a research note on Thursday, September 11th. Citigroup downgraded Centrica to a “neutral” rating and set a GBX 185 price target on the stock. in a report on Tuesday, October 28th. JPMorgan Chase & Co. boosted their price target on Centrica from GBX 177 to GBX 179 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Finally, Barclays upgraded Centrica to an “overweight” rating and upped their price objective for the stock from GBX 180 to GBX 210 in a research note on Thursday, October 16th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centrica currently has a consensus rating of “Moderate Buy” and an average price target of GBX 185.67.

Centrica Trading Up 0.3%

The company’s 50 day simple moving average is GBX 171.33 and its two-hundred day simple moving average is GBX 164.90. The company has a quick ratio of 0.40, a current ratio of 1.77 and a debt-to-equity ratio of 66.48. The company has a market capitalization of £7.81 billion, a price-to-earnings ratio of -36.79, a P/E/G ratio of 0.45 and a beta of 1.08.

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 1,080 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were acquired at an average price of GBX 163 per share, for a total transaction of £1,760.40. Insiders have acquired a total of 5,723 shares of company stock worth $966,395 in the last ninety days. 0.38% of the stock is 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.