Centrica (LON:CNA) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Centrica plc (LON:CNA) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 191.40 and traded as low as GBX 171.45. Centrica shares last traded at GBX 172.75, with a volume of 15,292,008 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CNA shares. Citigroup boosted their price target on Centrica from GBX 200 to GBX 218 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Jefferies Financial Group reissued a “hold” rating and set a GBX 210 price objective on shares of Centrica in a report on Friday, May 8th. JPMorgan Chase & Co. reduced their target price on shares of Centrica from GBX 245 to GBX 235 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 225 target price on shares of Centrica in a report on Monday, May 11th. Finally, Berenberg Bank lifted their price target on shares of Centrica from GBX 190 to GBX 230 and gave the company a “buy” rating in a report on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 221.33.

Centrica Price Performance

The stock has a fifty day moving average of GBX 195.52 and a two-hundred day moving average of GBX 191.44. The company has a current ratio of 1.45, a quick ratio of 0.40 and a debt-to-equity ratio of 92.58. The stock has a market capitalization of £7.86 billion, a price-to-earnings ratio of -115.77, a PEG ratio of 0.45 and a beta of 0.35.

Insiders Place Their Bets

In other Centrica news, insider Chris O’Shea purchased 456 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of GBX 202 per share, with a total value of £921.12. Also, insider Frank Mastiaux purchased 1,244 shares of Centrica stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average price of GBX 199 per share, for a total transaction of £2,475.56. Insiders purchased a total of 80,471 shares of company stock valued at $15,982,542 over the last three months. Company insiders own 0.39% 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. 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.