Centrica (LON:CNA) Shares Pass Below 200-Day Moving Average – Should You Sell?

Centrica plc (LON:CNA)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 191.76 and traded as low as GBX 168.65. Centrica shares last traded at GBX 169.80, with a volume of 750,168,250 shares changing hands.

Analyst Ratings Changes

Several analysts have issued reports on CNA shares. JPMorgan Chase & Co. dropped their price target on shares of Centrica from GBX 245 to GBX 235 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Berenberg Bank lifted their price objective on shares of Centrica from GBX 190 to GBX 230 and gave the company a “buy” rating in a research report on Monday, May 18th. Citigroup boosted their price objective on shares of Centrica from GBX 200 to GBX 218 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 210 target price on shares of Centrica in a report on Friday, May 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 225 price target on shares of Centrica in a report on Monday, May 11th. Five investment 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.com, Centrica currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 221.33.

Centrica Trading Up 1.0%

The business’s 50 day moving average price is GBX 189.11 and its 200-day moving average price is GBX 191.76. The company has a current ratio of 1.45, a quick ratio of 0.40 and a debt-to-equity ratio of 92.58. The company has a market cap of £7.76 billion, a price-to-earnings ratio of -114.18, a PEG ratio of 0.45 and a beta of 0.34.

Insider Activity

In other news, insider Jonathan Howell bought 50,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of GBX 197 per share, for a total transaction of £98,500. Also, insider Chris O’Shea bought 456 shares of the stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of GBX 202 per share, for a total transaction of £921.12. Over the last three months, insiders acquired 81,758 shares of company stock valued at $16,207,767. Company insiders own 0.39% of the company’s stock.

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.