Centrica (LON:CNA) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Centrica plc (LON:CNA) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 162.76 and traded as high as GBX 177.95. Centrica shares last traded at GBX 176.65, with a volume of 17,704,164 shares traded.

Wall Street Analyst Weigh In

CNA has been the topic of several research analyst reports. Royal Bank Of Canada raised their price target on shares of Centrica from GBX 175 to GBX 200 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Barclays upgraded shares of Centrica to an “overweight” rating and raised their price target for the stock from GBX 180 to GBX 210 in a research report on Thursday, October 16th. JPMorgan Chase & Co. raised their price target on shares of Centrica from GBX 177 to GBX 179 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Citigroup lowered shares of Centrica to a “neutral” rating and set a GBX 185 price target on the stock. in a research report on Tuesday, October 28th. Finally, Berenberg Bank raised their price target on shares of Centrica from GBX 155 to GBX 190 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 185.67.

Centrica Stock Performance

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 firm’s 50-day moving average price is GBX 168.13 and its two-hundred day moving average price is GBX 162.76. The firm has a market capitalization of £8.14 billion, a price-to-earnings ratio of -38.34, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08.

Insider Activity

In other Centrica news, insider Sue Whalley bought 549 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were acquired at an average cost of GBX 177 per share, for a total transaction of £971.73. Also, insider Philippe Boisseau bought 949 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were acquired at an average price of GBX 177 per share, for a total transaction of £1,679.73. In the last three months, insiders have acquired 4,995 shares of company stock worth $845,759. Corporate insiders own 0.38% of the company’s stock.

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.