Centrica (LON:CNA) Share Price Passes Above 200-Day Moving Average of $49.11


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Shares of Centrica plc (LON:CNA) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 49.11 ($0.64) and traded as high as GBX 57.64 ($0.75). Centrica shares last traded at GBX 56.70 ($0.74), with a volume of 14,109,530 shares.

CNA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Centrica from GBX 66 ($0.86) to GBX 67 ($0.88) and gave the stock an “overweight” rating in a report on Thursday, March 4th. Royal Bank of Canada boosted their target price on shares of Centrica from GBX 55 ($0.72) to GBX 75 ($0.98) and gave the stock an “outperform” rating in a research report on Tuesday, April 6th. Finally, Barclays reissued an “overweight” rating and issued a GBX 68 ($0.89) target price on shares of Centrica in a research report on Tuesday, January 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Centrica has an average rating of “Hold” and an average price target of GBX 58.75 ($0.77).

The company has a current ratio of 1.36, a quick ratio of 0.57 and a debt-to-equity ratio of 389.00. The stock has a market cap of £3.33 billion and a P/E ratio of 81.00. The firm’s 50-day simple moving average is GBX 55.09 and its 200 day simple moving average is GBX 49.11.

In other news, insider Kate Ringrose sold 26,241 shares of the company’s stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of GBX 55 ($0.72), for a total value of £14,432.55 ($18,856.22).

About Centrica (LON:CNA)

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and internationally. The company operates through British Gas, Energy Marketing & Trading, Centrica Business Solutions, Bord Gáis Energy, and Upstream segments. It supplies gas and electricity to residential customers, as well as offers energy-related services; and generates power from combined cycle gas turbines and nuclear assets.

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