Centrica (LON:CNA) Reaches New 52-Week Low – Time to Sell?

Centrica plc (LON:CNA)’s share price hit a new 52-week low on Thursday . The stock traded as low as GBX 153.50 and last traded at GBX 154.05, with a volume of 15898554 shares. The stock had previously closed at GBX 155.86.

Analysts Set New Price Targets

A number of brokerages have issued reports on CNA. JPMorgan Chase & Co. cut their price target on Centrica from GBX 245 to GBX 235 and set an “overweight” rating for the company in a research note on Friday, May 15th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 225 price objective on shares of Centrica in a research report on Monday, May 11th. Berenberg Bank dropped their price objective on Centrica from GBX 230 to GBX 200 and set a “buy” rating for the company in a research note on Monday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 210 target price on shares of Centrica in a research report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 216.33.

Centrica Trading Down 1.6%

The company has a debt-to-equity ratio of 80.68, a current ratio of 1.43 and a quick ratio of 0.40. The stock’s 50-day moving average is GBX 178.23 and its two-hundred day moving average is GBX 191.55. The stock has a market cap of £6.95 billion, a P/E ratio of -102.27, a price-to-earnings-growth ratio of 0.45 and a beta of 0.34.

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

Insider Transactions at Centrica

In other news, insider Frank Mastiaux purchased 1,384 shares of the business’s stock in a transaction on Monday, July 27th. The stock was acquired at an average price of GBX 162 per share, for a total transaction of £2,242.08. Also, insider Sue Whalley acquired 600 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were purchased at an average cost of GBX 162 per share, for a total transaction of £972. In the last ninety days, insiders purchased 82,011 shares of company stock valued at $16,165,442. 0.39% of the stock is owned by insiders.

About Centrica

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.