Insider Buying: Centrica PLC (CNA) Insider Acquires £149.50 in Stock
Centrica PLC (LON:CNA) insider Mark Hanafin purchased 65 shares of the stock in a transaction dated Tuesday, October 4th. The shares were acquired at an average cost of GBX 230 ($3.00) per share, with a total value of £149.50 ($195.14).
Centrica PLC (LON:CNA) opened at 218.70 on Friday. The firm’s market capitalization is GBX 11.30 billion. Centrica PLC has a 52 week low of GBX 182.50 and a 52 week high of GBX 248.39. The stock has a 50 day moving average price of GBX 230.85 and a 200-day moving average price of GBX 224.70.
The company also recently disclosed a dividend, which will be paid on Thursday, November 24th. Investors of record on Thursday, October 13th will be issued a GBX 3.60 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a yield of 1.49%.
CNA has been the subject of a number of research analyst reports. Barclays PLC boosted their price target on Centrica PLC from GBX 230 ($3.00) to GBX 240 ($3.13) and gave the stock an “equal weight” rating in a report on Wednesday, July 6th. Berenberg Bank reissued a “buy” rating on shares of Centrica PLC in a report on Tuesday, June 14th. Deutsche Bank AG reissued a “hold” rating and set a GBX 230 ($3.00) price target on shares of Centrica PLC in a report on Friday, August 12th. Goldman Sachs Group Inc. cut Centrica PLC to a “sell” rating and boosted their price target for the stock from GBX 211 ($2.75) to GBX 213 ($2.78) in a report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 250 ($3.26) price target on shares of Centrica PLC in a report on Friday, July 29th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 230.95 ($3.01).
Centrica PLC Company Profile
Centrica plc is an integrated energy company. The Company operates through three segments: International Downstream, International Upstream and Centrica Storage. It offers Hive Active Heating 2, which is an advancement of its smart thermostat. The International Downstream segment includes the operations of British Gas, Direct Energy and Bord Gais Energy.
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