Centrica PLC (LON:CNA)’s share price hit a new 52-week low on Friday . The stock traded as low as GBX 92.54 ($1.21) and last traded at GBX 93.04 ($1.22), with a volume of 3360037 shares trading hands. The stock had previously closed at GBX 93.98 ($1.23).
Several brokerages recently weighed in on CNA. Royal Bank of Canada lowered Centrica to an “underperform” rating and cut their price target for the company from GBX 185 ($2.42) to GBX 130 ($1.70) in a research note on Wednesday, February 6th. Berenberg Bank lowered Centrica to a “hold” rating and cut their price target for the company from GBX 155 ($2.03) to GBX 140 ($1.83) in a research note on Monday, February 18th. Citigroup restated a “neutral” rating and issued a GBX 144 ($1.88) price target (down previously from GBX 160 ($2.09)) on shares of Centrica in a research note on Friday, February 8th. Credit Suisse Group lowered Centrica to a “neutral” rating and cut their price target for the company from GBX 180 ($2.35) to GBX 155 ($2.03) in a research note on Wednesday, January 23rd. Finally, Jefferies Financial Group cut their price target on Centrica from GBX 125 ($1.63) to GBX 110 ($1.44) and set a “hold” rating for the company in a research note on Friday, March 1st. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Centrica has an average rating of “Hold” and a consensus price target of GBX 119.17 ($1.56).
The company has a debt-to-equity ratio of 120.42, a current ratio of 1.03 and a quick ratio of 0.75. The company has a market cap of $5.34 billion and a price-to-earnings ratio of 29.21.
Centrica (LON:CNA) last posted its quarterly earnings data on Thursday, February 21st. The integrated energy company reported GBX 11.20 ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 11.60 ($0.15) by GBX (0.40) (($0.01)). As a group, analysts forecast that Centrica PLC will post 1258.99998360041 earnings per share for the current year.
The company also recently disclosed a dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 9th will be issued a GBX 8.40 ($0.11) dividend. This represents a yield of 6.12%. This is a boost from Centrica’s previous dividend of $3.60. The ex-dividend date of this dividend is Thursday, May 9th. Centrica’s payout ratio is presently 3.75%.
In other news, insider Iain C. Conn acquired 100,000 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were bought at an average cost of GBX 123 ($1.61) per share, for a total transaction of £123,000 ($160,721.29). Also, insider Iain C. Conn sold 126,962 shares of Centrica stock in a transaction dated Monday, April 1st. The stock was sold at an average price of GBX 114 ($1.49), for a total value of £144,736.68 ($189,124.11). Over the last quarter, insiders purchased 140,262 shares of company stock worth $16,929,950.
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Centrica Company Profile (LON:CNA)
Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, Germany, Norway, rest of Europe, the United States, Canada, and internationally. The company operates through Centrica Consumer, Centrica Business, and Exploration & Production segments. It supplies gas and electricity to residential customers, as well as offers energy-related services; and generates power from combined cycle gas turbines and nuclear assets.
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