Centrica plc (LON:CNA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Centrica plc (LON:CNA) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 171.25 ($2.24).

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

Centrica Stock Up 0.5 %

CNA stock opened at GBX 117.90 ($1.54) on Tuesday. The firm has a market cap of £6.14 billion, a price-to-earnings ratio of 535.91, a PEG ratio of 0.45 and a beta of 1.08. Centrica has a 1-year low of GBX 116.15 ($1.52) and a 1-year high of GBX 173.70 ($2.27). The firm has a fifty day moving average price of GBX 130.25 and a two-hundred day moving average price of GBX 131.84. 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. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 1.05%. Centrica’s dividend payout ratio (DPR) is presently 1,818.18%.

Insider Buying and Selling

In other news, insider Amber Rudd acquired 1,561 shares of Centrica 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 related news, insider Philippe Boisseau purchased 1,163 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were acquired at an average cost of GBX 139 ($1.82) per share, with a total value of £1,616.57 ($2,113.99). Also, insider Amber Rudd bought 1,561 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average cost of GBX 127 ($1.66) per share, for a total transaction of £1,982.47 ($2,592.48). Insiders have purchased 112,951 shares of company stock worth $14,800,018 in the last three months. 0.22% of the stock is currently owned by insiders.

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.