Centrica (LON:CNA) Hits New 1-Year Low – What’s Next?

Centrica plc (LON:CNA) shares reached a new 52-week low during trading on Tuesday. The company traded as low as GBX 144 and last traded at GBX 145.58, with a volume of 15376127 shares traded. The stock had previously closed at GBX 146.55.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price target on Centrica from GBX 230 to GBX 200 and set a “buy” rating on the stock in a research note on Monday, July 27th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Centrica currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 216.33.

Centrica Price Performance

The company has a market capitalization of £6.61 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 0.45 and a beta of 0.32. The company has a 50-day moving average price of GBX 153.01 and a 200-day moving average price of GBX 179.49. The company has a debt-to-equity ratio of 80.68, a quick ratio of 0.40 and a current ratio of 1.43.

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

Insider Buying and Selling

In other news, insider Sue Whalley purchased 653 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was bought at an average price of GBX 149 per share, with a total value of £972.97. Also, insider Chris O’Shea acquired 349 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was purchased at an average price of GBX 150 per share, with a total value of £523.50. In the last quarter, insiders acquired 209,870 shares of company stock valued at $31,105,515. 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.