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

Centrica plc (LON:CNA) shares hit a new 52-week high on Monday . The stock traded as high as GBX 202.20 and last traded at GBX 196.07, with a volume of 7888820 shares changing hands. The stock had previously closed at GBX 199.15.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Citigroup increased their target price on Centrica from GBX 185 to GBX 200 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada increased their price objective on Centrica from GBX 200 to GBX 215 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 198.80.

Centrica Stock Down 1.5%

The company has a market cap of £8.87 billion, a P/E ratio of -42.62, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. The company has a quick ratio of 0.40, a current ratio of 1.77 and a debt-to-equity ratio of 66.48. The company has a fifty day moving average of GBX 183.81 and a 200 day moving average of GBX 173.55.

Centrica (LON:CNA) last announced its earnings results on Friday, February 20th. The integrated energy company reported GBX 11.20 earnings per share (EPS) for the quarter. Centrica had a return on equity of 25.16% and a net margin of 5.39%.

Insider Activity at Centrica

In other Centrica news, insider Philippe Boisseau bought 1,021 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The stock was bought at an average cost of GBX 184 per share, for a total transaction of £1,878.64. Also, insider Frank Mastiaux purchased 7,544 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was acquired at an average price of GBX 190 per share, for a total transaction of £14,333.60. Over the last ninety days, insiders acquired 11,806 shares of company stock worth $2,190,933. 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.