Centrica (LON:CNA) Hits New 52-Week High on Insider Buying Activity

Centrica plc (LON:CNA) shares reached a new 52-week high during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as GBX 186.15 and last traded at GBX 184.77, with a volume of 11348021 shares traded. The stock had previously closed at GBX 183.06.

Specifically, insider Philippe Boisseau bought 1,021 shares of the business’s stock in a transaction on Monday, January 26th. The shares were purchased at an average price of GBX 184 per share, with a total value of £1,878.64. Also, insider Sue Whalley bought 530 shares of Centrica stock in a transaction on Monday, January 26th. The shares were bought at an average price of GBX 184 per share, for a total transaction of £975.20.

Analysts Set New Price Targets

A number of analysts have recently commented on CNA shares. Barclays raised Centrica to an “overweight” rating and upped their price target for the company from GBX 180 to GBX 210 in a research note on Thursday, October 16th. Citigroup cut shares of Centrica to a “neutral” rating and set a GBX 185 price objective 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. According to data from MarketBeat, Centrica has a consensus rating of “Moderate Buy” and a consensus price target of GBX 192.80.

Centrica Stock Up 0.9%

The company has a market capitalization of £8.37 billion, a P/E ratio of -40.17, a P/E/G ratio of 0.45 and a beta of 1.08. 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 firm has a fifty day simple moving average of GBX 171.72 and a 200-day simple moving average of GBX 168.23.

Centrica Company Profile

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.