Centrica (LON:CNA) Reaches New 1-Year High – Should You Buy?

Centrica plc (LON:CNA)’s share price hit a new 52-week high on Monday . The stock traded as high as GBX 192.60 and last traded at GBX 192.60, with a volume of 33282715 shares. The stock had previously closed at GBX 190.95.

Analyst Ratings Changes

Several research analysts recently issued reports on CNA shares. Citigroup lowered Centrica to a “neutral” rating and set a GBX 185 target price for the company. in a research report on Tuesday, October 28th. Barclays upgraded Centrica to an “overweight” rating and raised their price objective for the stock from GBX 180 to GBX 210 in a research report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Centrica currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 192.80.

Centrica Stock Up 0.9%

The company has a market cap of £8.72 billion, a price-to-earnings ratio of -41.87, a P/E/G ratio of 0.45 and a beta of 1.08. The stock’s 50-day moving average is GBX 173.64 and its 200-day moving average is GBX 169.19. The company has a current ratio of 1.77, a quick ratio of 0.40 and a debt-to-equity ratio of 66.48.

Insider Buying and Selling

In other news, insider Sue Whalley bought 600 shares of the stock in a transaction dated Tuesday, November 25th. The shares were bought at an average cost of GBX 163 per share, with a total value of £978. Also, insider Philippe Boisseau bought 1,116 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was purchased at an average price of GBX 168 per share, for a total transaction of £1,874.88. Over the last ninety days, insiders have purchased 5,529 shares of company stock worth $949,159. 0.22% of the stock is owned by company 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.