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

Centrica plc (LON:CNA) shares reached a new 52-week high on Monday . The company traded as high as GBX 192.60 and last traded at GBX 192.60, with a volume of 33282715 shares changing hands. The stock had previously closed at GBX 190.95.

Wall Street Analyst Weigh In

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

Centrica Trading Up 0.9%

The firm has a fifty day moving average of GBX 173.64 and a two-hundred day moving average of GBX 169.19. The company has a market cap of £8.72 billion, a PE ratio of -41.87, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. 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 Activity at Centrica

In other Centrica news, insider Philippe Boisseau purchased 1,021 shares of the stock in a transaction dated Monday, January 26th. The shares were bought at an average price of GBX 184 per share, with a total value of £1,878.64. Also, insider Sue Whalley purchased 530 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The shares were acquired at an average price of GBX 184 per share, for a total transaction of £975.20. In the last three months, insiders bought 5,529 shares of company stock worth $949,159. Insiders own 0.22% 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.