Centrica plc to Issue Dividend of GBX 1.50 (LON:CNA)

Centrica plc (LON:CNA) announced a dividend on Thursday, July 25th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 3rd will be paid a dividend of GBX 1.50 ($0.02) per share by the integrated energy company on Thursday, November 14th. This represents a yield of 1.05%. The ex-dividend date is Thursday, October 3rd. The official announcement can be viewed at this link.

Centrica Stock Performance

LON:CNA opened at GBX 129.60 ($1.68) on Friday. Centrica has a 1 year low of GBX 123.35 ($1.60) and a 1 year high of GBX 173.70 ($2.25). The company has a current ratio of 1.44, a quick ratio of 0.40 and a debt-to-equity ratio of 96.93. The firm has a market capitalization of £6.88 billion, a PE ratio of 186.74, a PEG ratio of 0.45 and a beta of 1.10. The firm’s fifty day simple moving average is GBX 138.44 and its 200 day simple moving average is GBX 135.17.

Insider Buying and Selling at Centrica

In other Centrica news, insider Chris O’Shea purchased 2,785,622 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were bought at an average price of GBX 144 ($1.86) per share, for a total transaction of £4,011,295.68 ($5,187,914.74). In other Centrica news, insider Chris O’Shea acquired 2,785,622 shares of Centrica stock in a transaction dated Friday, May 17th. The stock was purchased at an average cost of GBX 144 ($1.86) per share, for a total transaction of £4,011,295.68 ($5,187,914.74). Also, insider Philippe Boisseau acquired 1,163 shares of the stock in a transaction dated Tuesday, June 25th. The stock was bought at an average cost of GBX 139 ($1.80) per share, with a total value of £1,616.57 ($2,090.75). Insiders have acquired a total of 2,818,817 shares of company stock worth $404,532,432 over the last 90 days. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CNA. Berenberg Bank raised shares of Centrica to a “buy” rating and boosted their price target for the company from GBX 130 ($1.68) to GBX 155 ($2.00) in a report on Friday, June 28th. UBS Group raised Centrica to a “buy” rating and lifted their target price for the company from GBX 165 ($2.13) to GBX 170 ($2.20) in a research note on Wednesday, May 8th. Royal Bank of Canada upgraded shares of Centrica to an “outperform” rating and increased their price objective for the company from GBX 145 ($1.88) to GBX 170 ($2.20) in a report on Friday, May 31st. Barclays decreased their target price on Centrica from GBX 205 ($2.65) to GBX 190 ($2.46) and set an “underweight” rating for the company in a research report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Centrica in a research 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 171.25 ($2.21).

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.