Brokerages Set Centrica plc (LON:CNA) PT at GBX 171.25

Centrica plc (LON:CNA) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 171.25 ($2.24).

Several analysts recently weighed in on CNA shares. Royal Bank of Canada upgraded Centrica to an “outperform” rating and increased their target price for the company from GBX 145 ($1.90) to GBX 170 ($2.22) in a research note on Friday, May 31st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Centrica in a research report on Friday, July 5th. Finally, Berenberg Bank raised shares of Centrica to a “buy” rating and boosted their target price for the stock from GBX 130 ($1.70) to GBX 155 ($2.03) in a research report on Friday, June 28th.

Insider Transactions at Centrica

In related news, insider Amber Rudd acquired 1,561 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was bought at an average cost of GBX 127 ($1.66) per share, with a total value of £1,982.47 ($2,592.48). In other news, insider Amber Rudd bought 1,561 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average price of GBX 127 ($1.66) per share, for a total transaction of £1,982.47 ($2,592.48). Also, insider Philippe Boisseau purchased 1,163 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were purchased at an average cost of GBX 139 ($1.82) per share, with a total value of £1,616.57 ($2,113.99). In the last ninety days, insiders purchased 112,951 shares of company stock valued at $14,800,018. Corporate insiders own 0.22% of the company’s stock.

Centrica Stock Up 0.5 %

CNA stock opened at GBX 117.90 ($1.54) on Tuesday. The stock has a market capitalization of £6.14 billion, a price-to-earnings ratio of 535.91, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. The company has a 50-day moving average of GBX 130.25 and a two-hundred day moving average of GBX 131.84. Centrica has a 52-week low of GBX 116.15 ($1.52) and a 52-week high of GBX 173.70 ($2.27). The company has a debt-to-equity ratio of 61.65, a current ratio of 1.77 and a quick ratio of 0.40.

Centrica Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 3rd will be issued a dividend of GBX 1.50 ($0.02) per share. This represents a yield of 1.05%. The ex-dividend date of this dividend is Thursday, October 3rd. Centrica’s payout ratio is 1,818.18%.

Centrica Company Profile

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.