Centrica (LON:CNA) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Centrica plc (LON:CNA)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 130.06 ($1.68) and traded as high as GBX 146.55 ($1.89). Centrica shares last traded at GBX 144.52 ($1.87), with a volume of 61,669,555 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Citigroup reaffirmed a “top pick” rating on shares of Centrica in a report on Thursday, December 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 150 ($1.94) price target on shares of Centrica in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 167 ($2.16).

Centrica Stock Down 0.3 %

The firm’s 50-day moving average is GBX 141.10 and its two-hundred day moving average is GBX 130.08. The company has a debt-to-equity ratio of 66.48, a quick ratio of 0.40 and a current ratio of 1.77. The stock has a market cap of £7.22 billion, a P/E ratio of 6.89, a PEG ratio of 0.45 and a beta of 1.08.

Centrica (LON:CNA) last released its earnings results on Thursday, February 20th. The integrated energy company reported GBX 19 ($0.25) earnings per share for the quarter. Centrica had a return on equity of 25.16% and a net margin of 5.39%.

Centrica Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 1st will be paid a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 2.08%. This is an increase from Centrica’s previous dividend of $1.50. The ex-dividend date is Thursday, May 1st. Centrica’s payout ratio is 19.06%.

Insider Buying and Selling at Centrica

In related news, insider Amber Rudd bought 1,672 shares of the business’s stock in a transaction on Monday, January 27th. The shares were purchased at an average price of GBX 135 ($1.74) per share, with a total value of £2,257.20 ($2,914.40). Over the last ninety days, insiders have acquired 4,955 shares of company stock valued at $683,896. 0.20% 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.