Centrica PLC (LON:CNA) was down 1% on Monday . The company traded as low as GBX 171.80 ($2.26) and last traded at GBX 172.80 ($2.27). Approximately 17,517,045 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 19,351,000 shares. The stock had previously closed at GBX 174.50 ($2.29).
A number of equities research analysts have weighed in on CNA shares. HSBC Holdings plc upgraded Centrica PLC to a “hold” rating and upped their target price for the stock from GBX 187 ($2.46) to GBX 202 ($2.66) in a research report on Thursday, June 22nd. Jefferies Group LLC upgraded Centrica PLC to a “hold” rating and set a GBX 190 ($2.50) target price for the company in a research report on Thursday, August 31st. BNP Paribas reiterated a “neutral” rating and set a GBX 210 ($2.76) price objective on shares of Centrica PLC in a research report on Friday, July 21st. J P Morgan Chase & Co upgraded Centrica PLC to a “neutral” rating and increased their price objective for the company from GBX 180 ($2.37) to GBX 205 ($2.70) in a research report on Friday, June 23rd. Finally, Credit Suisse Group reiterated a “neutral” rating and set a GBX 225 ($2.96) price objective on shares of Centrica PLC in a research report on Friday, September 22nd. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 208.35 ($2.74).
The firm has a 50-day moving average price of GBX 190.81 and a 200-day moving average price of GBX 200.81. The company’s market cap is GBX 9.54 billion.
The business also recently disclosed a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 12th will be given a GBX 3.60 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a yield of 1.83%.
In related news, insider Margherita D. Valle acquired 1,043 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were acquired at an average cost of GBX 190 ($2.50) per share, with a total value of £1,981.70 ($2,605.44). Also, insider Iain C. Conn acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was bought at an average cost of GBX 173 ($2.27) per share, for a total transaction of £173,000 ($227,452.01). Insiders purchased a total of 103,389 shares of company stock worth $17,975,598 over the last ninety days.
Centrica PLC Company Profile
Centrica plc is an energy and services company. The Company’s segments include Energy Supply & Services-UK & Ireland, Energy Supply & Services-North America, Connected Home, Distributed Energy & Power, Energy Marketing & Trading, Exploration & Production, Central Power Generation and Centrica Storage.
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