Centrica (LON:CNA) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Centrica plc (LON:CNA) crossed 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 Analyst Weigh In

A number of equities analysts have recently weighed in on CNA shares. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 225 price target on shares of Centrica in a research report on Monday, May 11th. Berenberg Bank upped their price objective on shares of Centrica from GBX 190 to GBX 230 and gave the company a “buy” rating in a research report on Monday, May 18th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 210 price objective on shares of Centrica in a research note on Friday, May 8th. Citigroup lifted their target price on Centrica from GBX 200 to GBX 218 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Finally, JPMorgan Chase & Co. decreased their target price on Centrica from GBX 245 to GBX 235 and set an “overweight” rating for the company in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 221.33.

Centrica Stock Performance

The company has a debt-to-equity ratio of 92.58, a quick ratio of 0.40 and a current ratio of 1.45. The stock has a market cap of £7.76 billion, a P/E ratio of -114.18, a PEG ratio of 0.45 and a beta of 0.34. The stock has a fifty day simple moving average of GBX 189.11 and a 200-day simple moving average of GBX 191.76.

Insider Activity

In other Centrica news, insider Jonathan Howell bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of GBX 197 per share, with a total value of £98,500. Also, insider Chris O’Shea purchased 456 shares of the stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of GBX 202 per share, for a total transaction of £921.12. Over the last quarter, insiders have acquired 81,758 shares of company stock worth $16,207,767. 0.39% 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.