Centrica PLC (CNA) Trading Down 1%
Shares of Centrica PLC (LON:CNA) fell 1% during mid-day trading on Wednesday . The company traded as low as GBX 191.60 ($2.47) and last traded at GBX 191.80 ($2.48). 11,218,055 shares were traded during trading, a decline of 29% from the average session volume of 15,819,300 shares. The stock had previously closed at GBX 193.80 ($2.50).
A number of research firms have recently issued reports on CNA. Deutsche Bank AG reiterated a “sell” rating and set a GBX 160 ($2.07) price objective on shares of Centrica PLC in a research note on Thursday, June 8th. HSBC Holdings plc dropped their price target on shares of Centrica PLC from GBX 200 ($2.58) to GBX 187 ($2.42) and set a “reduce” rating for the company in a research note on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) dropped their price target on shares of Centrica PLC from GBX 194 ($2.51) to GBX 174 ($2.25) and set a “sell” rating for the company in a research note on Wednesday, May 17th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 205 ($2.65) price target on shares of Centrica PLC in a research note on Monday, July 10th. Finally, Barclays PLC lifted their price target on shares of Centrica PLC from GBX 195 ($2.52) to GBX 215 ($2.78) and gave the stock an “equal weight” rating in a research note on Monday, June 12th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 209.35 ($2.70).
The stock has a 50 day moving average of GBX 198.85 and a 200-day moving average of GBX 205.70. The company’s market cap is GBX 10.52 billion.
The firm also recently declared a dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, October 12th will be given a dividend of GBX 3.60 ($0.05) per share. This represents a dividend yield of 1.83%. The ex-dividend date is Thursday, October 12th.
In other Centrica PLC news, insider Stephen Pusey purchased 1,142 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were bought at an average price of GBX 205 ($2.65) per share, with a total value of £2,341.10 ($3,023.51). Also, insider Margherita D. Valle purchased 977 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were acquired at an average cost of GBX 203 ($2.62) per share, for a total transaction of £1,983.31 ($2,561.42). In the last ninety days, insiders have bought 3,287 shares of company stock worth $675,144.
About Centrica PLC
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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