Centrica (LON:CNA) Stock Price Down 10% – What’s Next?

Centrica plc (LON:CNA)’s stock price was down 10% during trading on Thursday . The stock traded as low as GBX 160.95 and last traded at GBX 161.75. Approximately 54,590,605 shares were traded during trading, an increase of 52% from the average session volume of 35,814,695 shares. The stock had previously closed at GBX 179.80.

Wall Street Analyst Weigh In

Several research firms have issued reports on CNA. JPMorgan Chase & Co. decreased their price target on shares of Centrica from GBX 245 to GBX 235 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Berenberg Bank upped their price objective on shares of Centrica from GBX 190 to GBX 230 and gave the company a “buy” rating in a research report on Monday, May 18th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 210 target price on shares of Centrica in a research note on Friday, May 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 225 target price on shares of Centrica in a research report on Monday, May 11th. Five investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 221.33.

Centrica Stock Up 0.8%

The firm has a market cap of £7.38 billion, a price-to-earnings ratio of -108.67, a PEG ratio of 0.45 and a beta of 0.34. The business’s 50-day moving average is GBX 180.60 and its 200-day moving average is GBX 191.82. The company has a debt-to-equity ratio of 80.68, a quick ratio of 0.40 and a current ratio of 1.43.

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

Insider Buying and Selling

In related news, insider Frank Mastiaux bought 1,287 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was bought at an average cost of GBX 175 per share, with a total value of £2,252.25. Also, insider Chris O’Shea bought 456 shares of Centrica stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of GBX 202 per share, for a total transaction of £921.12. Insiders acquired a total of 81,703 shares of company stock valued at $16,192,642 in the last 90 days. 0.39% of the stock is owned by corporate 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.