Centrica (LON:CNA) Hits New 1-Year Low – Here’s What Happened

Centrica plc (LON:CNA) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 151.65 and last traded at GBX 153.95, with a volume of 16500924 shares. The stock had previously closed at GBX 153.30.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CNA. Jefferies Financial Group reissued a “hold” rating and issued a GBX 210 price target on shares of Centrica in a research note on Friday, May 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 225 price objective on shares of Centrica in a report on Monday, May 11th. Berenberg Bank lowered their price target on shares of Centrica from GBX 230 to GBX 200 and set a “buy” rating on the stock in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. lowered their price target on Centrica from GBX 245 to GBX 235 and set an “overweight” rating for the company in a report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Centrica has a consensus rating of “Moderate Buy” and an average price target of GBX 216.33.

Centrica Price Performance

The company has a debt-to-equity ratio of 80.68, a current ratio of 1.43 and a quick ratio of 0.40. The firm has a market capitalization of £6.94 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 0.45 and a beta of 0.34. The stock has a 50 day moving average price of GBX 172.93 and a two-hundred day moving average price of GBX 190.46.

Centrica (LON:CNA) last posted its earnings results on Thursday, July 23rd. The integrated energy company reported GBX 6.80 earnings per share (EPS) for the quarter. Centrica had a return on equity of 21.92% and a net margin of 3.64%.

Insider Activity at Centrica

In other Centrica news, insider Sue Whalley purchased 600 shares of Centrica stock in a transaction dated Monday, July 27th. The shares were acquired at an average price of GBX 162 per share, with a total value of £972. Also, insider Jonathan Howell acquired 50,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of GBX 197 per share, with a total value of £98,500. Over the last three months, insiders bought 56,011 shares of company stock valued at $10,939,442. 0.39% of the stock is owned by company 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.