Centrica (LON:CNA) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Centrica plc (LON:CNA)’s share price crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 150.23 and traded as low as GBX 149.90. Centrica shares last traded at GBX 149.90, with a volume of 11,082,666 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price target on shares of Centrica from GBX 230 to GBX 200 and set a “buy” rating on the stock in a research note on Monday, July 27th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 217.60.

Centrica Price Performance

The company has a 50 day moving average price of GBX 150.23 and a 200 day moving average price of GBX 178.32. The firm has a market cap of £6.99 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 0.45 and a beta of 0.32. The company has a current ratio of 1.43, a quick ratio of 0.40 and a debt-to-equity ratio of 80.68.

Insider Transactions at Centrica

In other news, insider Frank Mastiaux bought 1,506 shares of the firm’s stock in a transaction on Friday, September 25th. The shares were bought at an average cost of GBX 149 per share, for a total transaction of £2,243.94. Also, insider Chris O?Shea bought 68,055 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were purchased at an average price of GBX 148 per share, for a total transaction of £100,721.40. Insiders bought a total of 210,152 shares of company stock worth $31,121,550 over the last ninety 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.