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

Shares of Centrica plc (LON:CNA) reached a new 52-week low during trading on Thursday . The company traded as low as GBX 153.50 and last traded at GBX 154.05, with a volume of 15898554 shares traded. The stock had previously closed at GBX 155.86.

Analyst Ratings Changes

CNA has been the topic of several research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 225 price objective on shares of Centrica in a report on Monday, May 11th. Berenberg Bank cut their target price on shares of Centrica from GBX 230 to GBX 200 and set a “buy” rating for the company in a research note on Monday, July 27th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 210 target price on shares of Centrica in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. decreased their price target 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. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 216.33.

Centrica Price Performance

The company has a 50 day moving average of GBX 176.40 and a 200-day moving average of GBX 191.10. The firm has a market capitalization of £7.02 billion, a P/E ratio of -103.33, a P/E/G ratio of 0.45 and a beta of 0.34. The company has a current ratio of 1.43, a quick ratio of 0.40 and a debt-to-equity ratio of 80.68.

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

Insider Buying and Selling

In other Centrica news, insider Frank Mastiaux acquired 1,384 shares of the company’s stock in a transaction on Monday, July 27th. The stock was acquired at an average price of GBX 162 per share, for a total transaction of £2,242.08. Also, insider Jonathan Howell acquired 50,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was acquired at an average price of GBX 197 per share, with a total value of £98,500. Insiders have purchased a total of 82,011 shares of company stock valued at $16,165,442 in the last 90 days. 0.39% of the stock is currently owned by corporate insiders.

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.