Centrica (LON:CNA) Hits New 1-Year Low at $115.80

Centrica plc (LON:CNA)’s stock price reached a new 52-week low on Tuesday . The company traded as low as GBX 115.80 ($1.55) and last traded at GBX 115.95 ($1.55), with a volume of 16909842 shares traded. The stock had previously closed at GBX 116.65 ($1.56).

Analyst Ratings Changes

Several analysts recently commented on CNA shares. Berenberg Bank upgraded shares of Centrica to a “buy” rating and raised their price objective for the company from GBX 130 ($1.74) to GBX 155 ($2.07) in a research note on Friday, June 28th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Centrica in a report on Friday, July 5th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 171.25 ($2.29).

Centrica Stock Down 0.0 %

The company has a debt-to-equity ratio of 61.65, a quick ratio of 0.40 and a current ratio of 1.77. The firm’s 50-day moving average is GBX 125.64 and its 200 day moving average is GBX 131.09. The firm has a market capitalization of £6.06 billion, a PE ratio of 529.09, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08.

Centrica Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, November 14th. Investors 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 dividend yield of 1.05%. Centrica’s dividend payout ratio is currently 1,818.18%.

Insider Activity at Centrica

In other Centrica news, insider Kevin O’Byrne acquired 110,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average price of GBX 131 ($1.75) per share, for a total transaction of £144,100 ($192,750.13). In related news, insider Amber Rudd purchased 1,668 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were bought at an average price of GBX 119 ($1.59) per share, for a total transaction of £1,984.92 ($2,655.06). Also, insider Kevin O’Byrne acquired 110,000 shares of the stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of GBX 131 ($1.75) per share, with a total value of £144,100 ($192,750.13). Insiders have purchased a total of 113,456 shares of company stock valued at $14,836,853 over the last quarter. Insiders own 0.22% of the company’s stock.

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.