Shares of Centrica plc (LON:CNA – Get Rating) received an average recommendation of “moderate buy” from the six research firms that cover the company, MarketBeat reports. Two investment analysts rated the stock with a hold recommendation and four gave the company a buy recommendation. The average 1-year price target among brokerages that updated their coverage on the stock in the past year is 115.75 GBX ($1.40).
A number of research companies have recently commented on CNA. Barclays lowered its price target on Centrica shares from GBX 123 ($1.49) to GBX 121 ($1.46) and set an “overweight” rating on the stock in a Friday May 27 report . Morgan Stanley reissued an “overweight” rating on Centrica shares in a Wednesday, May 11 research report. Citigroup reissued a “neutral” rating and posted a GBX 97 ($1.17) price target on Centrica shares in a Wednesday, August 3 research report. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 120 ($1.45) price target on Centrica shares in a research report on Friday, August 5. Finally, Royal Bank of Canada raised its price target on Centrica shares from GBX 90 ($1.09) to GBX 125 ($1.51) and gave the company an “outperform” rating in a Monday, May 16 research report.
Insider Activity at Centrica
In other Centrica news, insider Amber Rudd acquired 2,208 shares of the company in a trade on Monday, July 25. The share was bought at an average cost of 87 GBX ($1.05) per share, for a total transaction of £1,920.96 ($2,321.12). In other Centrica news, insider Amber Rudd acquired 2,208 shares of the company in a trade on Monday, July 25. The share was bought at an average cost of 87 GBX ($1.05) per share, for a total transaction of £1,920.96 ($2,321.12). Additionally, insider Heidi Mottram acquired 10,000 shares of the company in a trade on Friday, June 24. The shares were acquired at an average price of 84 GBX ($1.01) per share, with a total value of £8,400 ($10,149.83). Over the past three months, insiders have purchased 14,744 shares of the company worth $1,237,694.
Centrica Price Performance
Shares of LON CNA opened at 81.96 GBX ($0.99) on Friday. The company has a current ratio of 1.03, a quick ratio of 0.40 and a debt ratio of 176.45. Centrica has a 12-month low of 49.70 GBX ($0.60) and a 12-month high of 93.88 GBX ($1.13). The stock has a 50-day moving average of GBX 83.57 and a two-hundred-day moving average of GBX 80.69. The stock has a market capitalization of £4.84 billion and a P/E ratio of 819.60.
Centrica cuts its dividends
The company also recently announced a dividend, which will be paid on Thursday, November 17. Investors of record on Thursday, October 6 will receive a GBX 1 ($0.01) dividend. The ex-date of this dividend is Thursday, October 6. This represents a return of 1.1%.
Centrica Company Profile
(Get a rating)
Centrica plc operates as an integrated energy company in the UK, 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.
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