Centrica PLC (CNA) Shares Down 1%

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.

COPYRIGHT VIOLATION WARNING: “Centrica PLC (CNA) Shares Down 1%” was first published by Markets Daily and is owned by of Markets Daily. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.themarketsdaily.com/2017/10/11/centrica-plc-cna-shares-down-1.html.

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.

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

Latest News

Leave a Reply