Centrica (LON:CNA) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Centrica plc (LON:CNA)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 127.49 ($1.57) and traded as high as GBX 139.15 ($1.72). Centrica shares last traded at GBX 137.70 ($1.70), with a volume of 10,100,002 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 150 ($1.85) price target on shares of Centrica in a research note on Friday, December 6th. Citigroup reaffirmed a “top pick” rating on shares of Centrica in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 167 ($2.06).

Centrica Trading Down 2.6 %

The business’s 50 day simple moving average is GBX 129.01 and its 200 day simple moving average is GBX 127.51. The stock has a market cap of £7.00 billion, a price-to-earnings ratio of 613.18, a PEG ratio of 0.45 and a beta of 1.08. The company has a quick ratio of 0.40, a current ratio of 1.77 and a debt-to-equity ratio of 61.65.

Insider Activity at Centrica

In related news, insider Amber Rudd acquired 1,635 shares of Centrica stock in a transaction on Friday, October 25th. The stock was purchased at an average cost of GBX 122 ($1.50) per share, with a total value of £1,994.70 ($2,459.25). Also, insider Kevin O’Byrne acquired 50,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was bought at an average cost of GBX 123 ($1.52) per share, for a total transaction of £61,500 ($75,822.96). In the last ninety days, insiders bought 55,244 shares of company stock worth $6,803,912. Insiders own 0.20% 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.