Centrica plc (LON:CNA) Insider Buys £1,984.92 in Stock

Centrica plc (LON:CNA) insider Amber Rudd acquired 1,668 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was purchased at an average price of GBX 119 ($1.59) per share, with a total value of £1,984.92 ($2,657.90).

Amber Rudd also recently made the following trade(s):

• On Tuesday, August 27th, Amber Rudd bought 1,561 shares of Centrica stock. The stock was bought at an average cost of GBX 127 ($1.70) per share, for a total transaction of £1,982.47 ($2,654.62).

Centrica Stock Performance

CNA opened at GBX 117.20 ($1.57) on Friday. The firm’s 50-day moving average price is GBX 126.07 and its 200-day moving average price is GBX 131.21. The company has a market cap of £6.09 billion, a P/E ratio of 532.73, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. Centrica plc has a 52-week low of GBX 115.85 ($1.55) and a 52-week high of GBX 165.15 ($2.21). The company has a quick ratio of 0.40, a current ratio of 1.77 and a debt-to-equity ratio of 61.65.

Centrica Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 3rd will be given a GBX 1.50 ($0.02) dividend. The ex-dividend date is Thursday, October 3rd. This represents a yield of 1.05%. Centrica’s dividend payout ratio is currently 1,818.18%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Centrica in a report on Friday, July 5th. Berenberg Bank raised shares of Centrica to a “buy” rating and boosted their target price for the company from GBX 130 ($1.74) to GBX 155 ($2.08) in a research note on Friday, June 28th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Centrica currently has an average rating of “Moderate Buy” and a consensus price target of GBX 171.25 ($2.29).

About Centrica

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.