Insider Buying: Centrica (LON:CNA) Insider Acquires 89 Shares of Stock

Centrica plc (LON:CNA) insider Chris O’Shea bought 89 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were purchased at an average cost of GBX 167 per share, for a total transaction of £148.63.

Centrica Stock Performance

Shares of CNA traded down GBX 2.20 on Thursday, reaching GBX 165.30. 19,726,436 shares of the company’s stock traded hands, compared to its average volume of 27,279,607. The stock’s 50 day simple moving average is GBX 171.55 and its two-hundred day simple moving average is GBX 165.35. The company has a current ratio of 1.77, a quick ratio of 0.40 and a debt-to-equity ratio of 66.48. Centrica plc has a 52-week low of GBX 123.80 and a 52-week high of GBX 180.80. The stock has a market cap of £7.54 billion, a PE ratio of -35.93, a PEG ratio of 0.45 and a beta of 1.08.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CNA. Berenberg Bank boosted their target price on shares of Centrica from GBX 155 to GBX 190 and gave the company a “buy” rating in a research note on Thursday, September 11th. Barclays upgraded Centrica to an “overweight” rating and boosted their target price 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 for the company. in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Centrica from GBX 177 to GBX 179 and gave the company a “neutral” rating in a report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 192.80.

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.