Centrica (LON:CNA) Shares Pass Above Two Hundred Day Moving Average of $86.02

Centrica PLC (LON:CNA) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $86.02 and traded as high as $74.42. Centrica shares last traded at $74.20, with a volume of 29,372,592 shares traded.

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 75 ($0.98) price objective (down from GBX 110 ($1.44)) on shares of Centrica in a research note on Thursday, September 5th. UBS Group reissued a “neutral” rating and set a GBX 68 ($0.89) price objective (down from GBX 110 ($1.44)) on shares of Centrica in a research note on Tuesday, August 13th. Barclays reissued an “underweight” rating on shares of Centrica in a research note on Wednesday, October 16th. Jefferies Financial Group raised shares of Centrica to a “buy” rating and set a GBX 90 ($1.18) price objective for the company in a research note on Thursday, September 19th. Finally, Berenberg Bank dropped their price objective on shares of Centrica from GBX 140 ($1.83) to GBX 80 ($1.05) and set a “hold” rating for the company in a research note on Monday, September 9th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Centrica has an average rating of “Hold” and an average price target of GBX 97.57 ($1.27).

The stock’s 50-day moving average is GBX 71.41 and its 200-day moving average is GBX 85.62. The stock has a market cap of $4.23 billion and a price-to-earnings ratio of -6.79. The company has a debt-to-equity ratio of 181.72, a current ratio of 0.90 and a quick ratio of 0.72.

The company also recently announced a dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, October 10th will be given a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date is Thursday, October 10th. This represents a yield of 1.9%. Centrica’s dividend payout ratio (DPR) is currently -0.93%.

In other news, insider Chris O’Shea bought 46,750 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average price of GBX 66 ($0.86) per share, for a total transaction of £30,855 ($40,317.52). In the last 90 days, insiders have purchased 47,359 shares of company stock worth $3,130,524.

About Centrica (LON:CNA)

Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, Germany, Norway, rest of Europe, the United States, Canada, and internationally. The company operates through Centrica Consumer, Centrica Business, and Exploration & Production segments. It supplies gas and electricity to residential customers, as well as offers energy-related services; and generates power from combined cycle gas turbines and nuclear assets.

Read More: Momentum Indicators

Receive News & Ratings for Centrica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrica and related companies with MarketBeat.com's FREE daily email newsletter.