Centrica PLC (LON:CNA)’s share price fell 0.7% during mid-day trading on Wednesday . The stock traded as low as GBX 188.60 ($2.54) and last traded at GBX 189 ($2.55). 9,892,134 shares changed hands during trading, a decline of 37% from the average session volume of 15,751,300 shares. The stock had previously closed at GBX 190.30 ($2.57).
Several brokerages have recently issued reports on CNA. Deutsche Bank AG reiterated a “sell” rating and set a GBX 160 ($2.16) price target on shares of Centrica PLC in a research report on Thursday, June 8th. HSBC Holdings plc decreased their target price on Centrica PLC from GBX 200 ($2.70) to GBX 187 ($2.52) and set a “reduce” rating on the stock in a report on Wednesday, June 14th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 205 ($2.76) target price on shares of Centrica PLC in a report on Monday, July 10th. Barclays PLC lifted their target price on Centrica PLC from GBX 195 ($2.63) to GBX 215 ($2.90) and gave the stock an “equal weight” rating in a report on Monday, June 12th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 240 ($3.24) target price on shares of Centrica PLC in a report on Monday, June 5th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 209.35 ($2.82).
The stock’s market capitalization is GBX 10.36 billion. The stock’s 50 day moving average price is GBX 197.45 and its 200-day moving average price is GBX 204.66.
The company also recently announced a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, October 12th will be issued a dividend of GBX 3.60 ($0.05) per share. This represents a yield of 1.83%. The ex-dividend date of this dividend is Thursday, October 12th.
In other news, insider Stephen Pusey bought 1,142 shares of the stock in a transaction on Thursday, August 17th. The stock was purchased at an average price of GBX 205 ($2.76) per share, for a total transaction of £2,341.10 ($3,156.40). Also, insider Margherita D. Valle bought 946 shares of the stock in a transaction on Monday, June 26th. The shares were purchased at an average price of GBX 209 ($2.82) per share, with a total value of £1,977.14 ($2,665.69). In the last quarter, insiders have acquired 3,287 shares of company stock valued at $675,144.
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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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