Centrica (LON:CNA) Sets New 12-Month High on Insider Buying Activity

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

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

Wall Street Analyst Weigh In

A number of brokerages have commented on CNA. Barclays raised Centrica to an “overweight” rating and upped their price objective for the company from GBX 180 to GBX 210 in a report on Thursday, October 16th. Citigroup cut shares of Centrica to a “neutral” rating and set a GBX 185 target price for the company. in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 192.80.

Centrica Trading Up 1.8%

The stock has a market capitalization of £8.64 billion, a P/E ratio of -41.51, a P/E/G ratio of 0.45 and a beta of 1.08. The company has a current ratio of 1.77, a quick ratio of 0.40 and a debt-to-equity ratio of 66.48. The business has a 50-day moving average price of GBX 172.60 and a two-hundred day moving average price of GBX 168.60.

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.