Centrica (LON:CNA) Hits New 52-Week High at $97.96

Centrica plc (LON:CNA – Get Rating) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 97.96 ($1.19) and last traded at GBX 96.74 ($1.18), with a volume of 4183046 shares trading hands. The stock had previously closed at GBX 91.80 ($1.12).

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CNA shares. Citigroup reissued a “buy” rating and set a GBX 110 ($1.34) target price on shares of Centrica in a research report on Friday, November 18th. Barclays reaffirmed an “overweight” rating and issued a GBX 144 ($1.75) target price on shares of Centrica in a report on Friday, November 11th. Finally, Royal Bank of Canada dropped their price target on Centrica from GBX 140 ($1.71) to GBX 130 ($1.58) and set an “outperform” rating for the company in a report on Tuesday, November 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 126 ($1.54).

Centrica Trading Up 5.1 %

The company has a quick ratio of 0.40, a current ratio of 1.03 and a debt-to-equity ratio of 176.45. The business has a fifty day moving average price of GBX 91.26 and a 200 day moving average price of GBX 83.62. The company has a market capitalization of £5.66 billion and a P/E ratio of 918.00.

Insider Activity

In other Centrica news, insider Amber Rudd bought 2,798 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The shares were acquired at an average cost of GBX 69 ($0.84) per share, with a total value of £1,930.62 ($2,352.12). In the last 90 days, insiders purchased 7,363 shares of company stock valued at $630,295.

Centrica Company Profile

(Get Rating)

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Energy Marketing & Trading, and Upstream segments.