Centrica plc (LON:CNA) Receives Average Rating of “Moderate Buy” from Brokerages

Centrica plc (LON:CNAGet Rating) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 115.75 ($1.40).

CNA has been the topic of several research reports. Barclays dropped their target price on Centrica from GBX 123 ($1.49) to GBX 121 ($1.46) and set an “overweight” rating on the stock in a research report on Friday, May 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 120 ($1.45) price objective on shares of Centrica in a research note on Friday, August 5th. Finally, Citigroup reaffirmed a “neutral” rating and issued a GBX 97 ($1.17) price objective on shares of Centrica in a research note on Wednesday, August 3rd.

Insider Activity at Centrica

In other Centrica news, insider Amber Rudd bought 2,354 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The shares were bought at an average price of GBX 81 ($0.98) per share, with a total value of £1,906.74 ($2,303.94). In other Centrica news, insider Heidi Mottram bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The shares were bought at an average price of GBX 84 ($1.01) per share, with a total value of £8,400 ($10,149.83). Also, insider Amber Rudd bought 2,354 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The shares were acquired at an average cost of GBX 81 ($0.98) per share, for a total transaction of £1,906.74 ($2,303.94). In the last 90 days, insiders have acquired 17,253 shares of company stock valued at $1,444,128.

Centrica Trading Down 0.7 %

Shares of LON:CNA opened at GBX 80.72 ($0.98) on Thursday. The stock has a market capitalization of £4.77 billion and a price-to-earnings ratio of 807.17. The company has a debt-to-equity ratio of 176.45, a quick ratio of 0.40 and a current ratio of 1.03. The stock’s 50-day simple moving average is GBX 83.61 and its two-hundred day simple moving average is GBX 81.29. Centrica has a 52-week low of GBX 53.92 ($0.65) and a 52-week high of GBX 93.88 ($1.13).

Centrica Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, November 17th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 6th.

Centrica Company Profile

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Centrica plc operates as an integrated energy company in the United Kingdom, 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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Analyst Recommendations for Centrica (LON:CNA)

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