Centrica (LON:CNA) Shares Cross Below 200-Day Moving Average – Should You Sell?

Centrica plc (LON:CNA)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 191.40 and traded as low as GBX 171.45. Centrica shares last traded at GBX 172.75, with a volume of 15,292,008 shares.

Analyst Ratings Changes

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

Centrica Stock Performance

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 business has a 50-day moving average of GBX 197.08 and a 200-day moving average of GBX 191.40. The company has a market capitalization of £7.82 billion, a P/E ratio of -115.17, a P/E/G ratio of 0.45 and a beta of 0.35.

Insider Transactions at Centrica

In other news, insider Sue Whalley acquired 490 shares of Centrica stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of GBX 199 per share, with a total value of £975.10. Also, insider Jonathan Howell acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of GBX 197 per share, with a total value of £98,500. In the last ninety days, insiders have purchased 81,792 shares of company stock worth $16,244,100. 0.39% of the stock is currently owned by insiders.

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.