Centrica (LON:CNA) Reaches New 52-Week High – Here’s What Happened

Shares of Centrica plc (LON:CNA) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 210.20 and last traded at GBX 209.90, with a volume of 61608813 shares. The stock had previously closed at GBX 207.20.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CNA. Royal Bank Of Canada lifted their target price on shares of Centrica from GBX 200 to GBX 215 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Citigroup upped their price target on Centrica from GBX 200 to GBX 218 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 202.40.

Centrica Price Performance

The stock’s 50 day moving average is GBX 190.99 and its two-hundred day moving average is GBX 176.55. The stock has a market capitalization of £9.51 billion, a PE ratio of -140.22, a price-to-earnings-growth ratio of 0.45 and a beta of 0.48. The company has a debt-to-equity ratio of 98.77, a current ratio of 1.45 and a quick ratio of 0.40.

Centrica (LON:CNA) last issued its quarterly earnings results on Friday, February 20th. The integrated energy company reported GBX 11.20 earnings per share (EPS) for the quarter. Centrica had a net margin of 0.37% and a return on equity of 1.68%.

Insiders Place Their Bets

In related news, insider Frank Mastiaux acquired 7,544 shares of Centrica stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average price of GBX 190 per share, for a total transaction of £14,333.60. Also, insider Sue Whalley bought 513 shares of the stock in a transaction dated Wednesday, February 25th. The stock was bought at an average price of GBX 190 per share, with a total value of £974.70. Over the last quarter, insiders have purchased 11,702 shares of company stock valued at $2,175,965. 0.39% of the stock is owned by corporate 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.