Centrica (LON:CNA) Hits New 52-Week High – What’s Next?

Centrica plc (LON:CNA) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 182.45 and last traded at GBX 182.30, with a volume of 38511723 shares changing hands. The stock had previously closed at GBX 176.50.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays upgraded shares of Centrica to an “overweight” rating and upped their price objective for the company from GBX 180 to GBX 210 in a research note on Thursday, October 16th. Citigroup downgraded Centrica to a “neutral” rating and set a GBX 185 price target on the stock. in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Centrica has a consensus rating of “Moderate Buy” and an average target price of GBX 192.80.

Centrica Price Performance

The company has a 50-day moving average of GBX 170.10 and a 200-day moving average of GBX 166.81. The company has a debt-to-equity ratio of 66.48, a quick ratio of 0.40 and a current ratio of 1.77. The stock has a market cap of £8.21 billion, a price-to-earnings ratio of -39.42, a PEG ratio of 0.45 and a beta of 1.08.

Insider Transactions at Centrica

In other news, insider Sue Whalley bought 579 shares of Centrica stock in a transaction dated Monday, December 29th. The stock was bought at an average price of GBX 168 per share, for a total transaction of £972.72. Also, insider Philippe Boisseau purchased 1,116 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were purchased at an average price of GBX 168 per share, for a total transaction of £1,874.88. Insiders purchased 5,798 shares of company stock worth $985,915 over the last 90 days. 0.22% of the stock is currently owned by 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.