Centrica (LON:CNA) Sets New 1-Year Low at $115.85

Centrica plc (LON:CNA)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 115.85 ($1.53) and last traded at GBX 117.35 ($1.55), with a volume of 55244164 shares traded. The stock had previously closed at GBX 118.15 ($1.56).

Analyst Ratings Changes

CNA has been the subject of a number of recent analyst reports. Royal Bank of Canada upgraded Centrica to an “outperform” rating and upped their price objective for the company from GBX 145 ($1.92) to GBX 170 ($2.25) in a research note on Friday, May 31st. JPMorgan Chase & Co. restated 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 lifted their price objective for the stock from GBX 130 ($1.72) to GBX 155 ($2.05) in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 171.25 ($2.26).

Centrica Price Performance

The business has a 50-day moving average price of GBX 128.10 and a 200 day moving average price of GBX 131.54. The stock has a market cap of £6.14 billion, a PE ratio of 535.68, a PEG ratio of 0.45 and a beta of 1.08. The company has a current ratio of 1.77, a quick ratio of 0.40 and a debt-to-equity ratio of 61.65.

Centrica Cuts Dividend

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

Insider Activity

In other Centrica news, insider Philippe Boisseau acquired 1,163 shares of Centrica stock in a transaction that occurred on Tuesday, June 25th. The stock was acquired at an average cost of GBX 139 ($1.84) per share, for a total transaction of £1,616.57 ($2,135.50). In related news, insider Philippe Boisseau bought 1,163 shares of Centrica stock in a transaction on Tuesday, June 25th. The stock was acquired at an average price of GBX 139 ($1.84) per share, with a total value of £1,616.57 ($2,135.50). Also, insider Amber Rudd purchased 1,561 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were bought at an average price of GBX 127 ($1.68) per share, for a total transaction of £1,982.47 ($2,618.85). Insiders have acquired a total of 112,951 shares of company stock valued at $14,800,018 over the last quarter. Company insiders own 0.22% of the company’s stock.

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.