Centrica - CNA Share Forecast, Price & News

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. It supplies gas and electricity to residential customers, as well as offers energy-related services; and generates power from nuclear assets. The company also provides installation, repair, and maintenance services for domestic central heating, plumbing and drains, home electrical, and gas and kitchen appliances; and heating, ventilation, and air conditioning equipment, as well as offers breakdown services. In addition, it is involved in the procurement, trading, and optimization of energy; procurement and sale of LNG; and supplies energy efficiency solutions and technologies to residential customers. Further, the company produces and processes gas and oil; develops new fields to maintain reserves; constructs, owns, and exploits infrastructure; and engages in the social enterprise investment fund activities. Additionally, it provides vehicle leasing, commercial, and insurance services, as well as energy management products and services; and operates a gas storage and franchise network. The company was formerly known as Yieldtop plc and changed its name to Centrica plc in December 1996. Centrica plc was founded in 1812 and is based in Windsor, the United Kingdom.

Centrica Price Performance

CNA Stock opened at GBX 79.64 ($0.96) on Friday. The company's 50-day moving average price is GBX 83.11 and its two-hundred day moving average price is GBX 80.22. The firm has a market cap of £4.70 billion and a P/E ratio of 796.40. The company has a quick ratio of 0.40, a current ratio of 1.03 and a debt-to-equity ratio of 176.45. Centrica has a 12 month low of GBX 49.37 ($0.60) and a 12 month high of GBX 93.88 ($1.13).

Centrica Cuts Dividend

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

Wall Street Analysts Forecast Growth

CNA has been the subject of several analyst reports. Barclays decreased their target price on shares of Centrica from GBX 123 ($1.49) to GBX 121 ($1.46) and set an "overweight" rating for the company in a research note on Friday, May 27th. Royal Bank of Canada increased their price target on Centrica from GBX 90 ($1.09) to GBX 125 ($1.51) and gave the company an "outperform" rating in a research note on Monday, May 16th. Morgan Stanley reissued an "overweight" rating on shares of Centrica in a report on Wednesday, May 11th. Citigroup restated a "neutral" rating and set a GBX 97 ($1.17) price objective on shares of Centrica in a report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 120 ($1.45) price target on shares of Centrica in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 107.60 ($1.30).

Insider Buying and Selling at Centrica

In other Centrica news, insider Amber Rudd purchased 2,354 shares of the firm's stock in a transaction dated Monday, June 27th. The shares were bought at an average price of GBX 81 ($0.98) per share, for a total transaction of £1,906.74 ($2,303.94). In related news, insider Heidi Mottram acquired 10,000 shares of the company's stock in a transaction that occurred on Friday, June 24th. The stock was acquired at an average price of GBX 84 ($1.01) per share, with a total value of £8,400 ($10,149.83). Also, insider Amber Rudd bought 2,354 shares of the firm's stock in a transaction on Monday, June 27th. The shares were bought at an average cost of GBX 81 ($0.98) per share, for a total transaction of £1,906.74 ($2,303.94). Insiders bought a total of 16,961 shares of company stock worth $1,428,356 over the last three months.