Centrica (LON:CNA) Sets New 12-Month Low – Should You Sell?

Centrica plc (LON:CNA) shares reached a new 52-week low on Wednesday . The stock traded as low as GBX 151.65 and last traded at GBX 153.95, with a volume of 16500924 shares trading hands. The stock had previously closed at GBX 153.30.

Wall Street Analysts Forecast Growth

CNA has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Centrica from GBX 245 to GBX 235 and set an “overweight” rating on the stock in a report on Friday, May 15th. 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. Berenberg Bank cut their price objective on Centrica from GBX 230 to GBX 200 and set a “buy” rating for the company in a research report on Monday, July 27th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 216.33.

Centrica Stock Up 1.3%

The firm has a market capitalization of £7.02 billion, a PE ratio of -103.30, a PEG ratio of 0.45 and a beta of 0.34. The company has a fifty day moving average price of GBX 174.54 and a 200-day moving average price of GBX 190.84. The company has a debt-to-equity ratio of 80.68, a quick ratio of 0.40 and a current ratio of 1.43.

Centrica (LON:CNA) last posted its earnings results 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 Activity at Centrica

In other Centrica news, insider Sue Whalley acquired 600 shares of the company’s stock in a transaction on Monday, July 27th. The stock was acquired at an average cost of GBX 162 per share, with a total value of £972. 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 cost of GBX 197 per share, with a total value of £98,500. Insiders have bought 82,011 shares of company stock valued at $16,165,442 over the last quarter. 0.39% of the stock is currently owned by 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.