Centrica (LON:CNA) Shares Pass Above 200-Day Moving Average of $81.29

Centrica plc (LON:CNAGet Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 81.29 ($0.98) and traded as high as GBX 81.72 ($0.99). Centrica shares last traded at GBX 81.32 ($0.98), with a volume of 13,789,384 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CNA shares. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 120 ($1.45) target price on shares of Centrica in a report on Friday, August 5th. Barclays lowered their target price on Centrica from GBX 123 ($1.49) to GBX 121 ($1.46) and set an “overweight” rating on the stock in a report on Friday, May 27th. Finally, Citigroup reissued a “neutral” rating and set a GBX 97 ($1.17) price target on shares of Centrica in a research note on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 107.60 ($1.30).

Centrica Stock Performance

The firm has a market cap of £4.63 billion and a P/E ratio of 783.99. The stock’s 50 day moving average is GBX 83.52 and its two-hundred day moving average is GBX 81.35. The company has a debt-to-equity ratio of 176.45, a current ratio of 1.03 and a quick ratio of 0.40.

Centrica Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, November 17th. Shareholders of record on Thursday, October 6th will be issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 1.1%.

Insider Transactions at Centrica

In other Centrica news, insider Amber Rudd bought 2,208 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was acquired at an average price of GBX 87 ($1.05) per share, with a total value of £1,920.96 ($2,321.12). Insiders purchased 7,253 shares of company stock valued at $604,128 over the last quarter.

Centrica Company Profile

(Get Rating)

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

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