Centrica (LON:CNA) Hits New 52-Week High – Still a Buy?

by · The Markets Daily

Centrica plc (LON:CNA – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 182.45 and last traded at GBX 182.30, with a volume of 38511723 shares traded. The stock had previously closed at GBX 176.50.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Barclays raised shares of Centrica to an “overweight” rating and upped their price objective for the company from GBX 180 to GBX 210 in a research note on Thursday, October 16th. Citigroup lowered shares of Centrica to a “neutral” rating and set a GBX 185 price target for the company. in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 192.80.

Check Out Our Latest Research Report on CNA

Centrica Stock Up 0.3%

The company has a current ratio of 1.77, a quick ratio of 0.40 and a debt-to-equity ratio of 66.48. The firm has a market capitalization of £8.24 billion, a price-to-earnings ratio of -39.54, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. The firm has a 50 day moving average price of GBX 170.33 and a two-hundred day moving average price of GBX 167.05.

Insiders Place Their Bets

In other Centrica news, insider Sue Whalley acquired 579 shares of the company’s stock in a transaction dated Monday, December 29th. The stock was bought at an average price of GBX 168 per share, with a total value of £972.72. Also, insider Philippe Boisseau bought 1,116 shares of the business’s stock in a transaction dated Monday, December 29th. The stock was acquired at an average cost of GBX 168 per share, for a total transaction of £1,874.88. Insiders acquired a total of 5,798 shares of company stock worth $985,915 over the last ninety days. 0.22% of the stock is owned by company insiders.

About Centrica

(Get Free Report)

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.

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