Centrica (LON:CNA) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Centrica plc (LON:CNA) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 186.86 and traded as high as GBX 214.70. Centrica shares last traded at GBX 210.59, with a volume of 20,630,762 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CNA shares. Citigroup boosted their price objective on shares of Centrica from GBX 200 to GBX 218 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Royal Bank Of Canada boosted their price objective on shares of Centrica from GBX 200 to GBX 215 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 202.40.

Centrica Trading Up 0.0%

The stock’s 50 day moving average price is GBX 205.42 and its 200-day moving average price is GBX 186.86. The company has a quick ratio of 0.40, a current ratio of 1.45 and a debt-to-equity ratio of 98.77. The stock has a market capitalization of £9.47 billion, a PE ratio of -139.47, a PEG ratio of 0.45 and a beta of 0.36.

Centrica (LON:CNA) last announced its quarterly earnings data 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%.

Insider Activity

In other news, insider Russell O’Brien sold 336,485 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of GBX 200, for a total value of £672,970. Also, insider Chris O’Shea sold 327,270 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of GBX 200, for a total transaction of £654,540. In the last ninety days, insiders bought 11,430 shares of company stock valued at $2,216,114 and sold 1,273,167 shares valued at $254,633,400. Corporate insiders own 0.39% of the company’s stock.

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.