Centrica (LON:CNA) Hits New 52-Week High on Insider Buying Activity

Centrica plc (LON:CNA)’s share price hit a new 52-week high during mid-day trading on Tuesday following insider buying activity. The stock traded as high as GBX 186.15 and last traded at GBX 184.77, with a volume of 11348021 shares traded. The stock had previously closed at GBX 183.06.

Specifically, insider Philippe Boisseau bought 1,021 shares of the company’s stock in a transaction on Monday, January 26th. The stock was bought at an average cost of GBX 184 per share, with a total value of £1,878.64. Also, insider Sue Whalley purchased 530 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were bought at an average cost of GBX 184 per share, for a total transaction of £975.20.

Analyst Ratings Changes

Several research analysts recently weighed in on CNA shares. Citigroup cut shares of Centrica to a “neutral” rating and set a GBX 185 price objective for the company. in a research report on Tuesday, October 28th. Barclays raised Centrica to an “overweight” rating and lifted their target price for the company from GBX 180 to GBX 210 in a research note on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 192.80.

Centrica Trading Up 0.9%

The stock has a market capitalization of £8.37 billion, a P/E ratio of -40.17, a PEG ratio of 0.45 and a beta of 1.08. The company has a debt-to-equity ratio of 66.48, a current ratio of 1.77 and a quick ratio of 0.40. The business’s 50 day simple moving average is GBX 171.72 and its 200-day simple moving average is GBX 168.23.

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.