Centrica PLC (CNA) Trading Up 1.9% on Insider Buying Activity

Shares of Centrica PLC (LON:CNA) were up 1.9% on Tuesday after an insider bought additional shares in the company. The stock traded as high as GBX 176.70 ($2.32) and last traded at GBX 176.10 ($2.32). Approximately 21,609,498 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 18,870,900 shares. The stock had previously closed at GBX 172.80 ($2.27).

Specifically, insider Margherita D. Valle bought 977 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was acquired at an average cost of GBX 203 ($2.67) per share, for a total transaction of £1,983.31 ($2,607.56). Also, insider Iain C. Conn bought 100,000 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were bought at an average price of GBX 173 ($2.27) per share, with a total value of £173,000 ($227,452.01). Over the last quarter, insiders have acquired 103,389 shares of company stock valued at $17,975,598.

A number of equities research analysts have weighed in on CNA shares. HSBC Holdings plc decreased their target price on shares of Centrica PLC from GBX 202 ($2.66) to GBX 190 ($2.50) and set a “hold” rating for the company in a research note on Thursday, October 5th. Deutsche Bank AG reissued a “sell” rating and set a GBX 160 ($2.10) price objective on shares of Centrica PLC in a research report on Sunday, July 30th. J P Morgan Chase & Co reissued an “underweight” rating and set a GBX 180 ($2.37) price objective on shares of Centrica PLC in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a GBX 174 ($2.29) price objective on shares of Centrica PLC in a research report on Thursday, June 22nd. Finally, Credit Suisse Group reissued a “neutral” rating and set a GBX 225 ($2.96) price objective on shares of Centrica PLC in a research report on Thursday, October 5th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 208.35 ($2.74).

The company’s 50-day moving average is GBX 191.47 and its 200-day moving average is GBX 201.10. The company’s market capitalization is GBX 9.66 billion.

The firm also recently declared a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 12th will be given a dividend of GBX 3.60 ($0.05) per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a yield of 1.83%.

COPYRIGHT VIOLATION WARNING: “Centrica PLC (CNA) Trading Up 1.9% on Insider Buying Activity” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/10/centrica-plc-cna-trading-up-1-9-on-insider-buying-

Specifically, insider Margherita D. Valle bought 977 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was acquired at an average cost of GBX 203 ($2.67) per share, for a total transaction of £1,983.31 ($2,607.56). Also, insider Iain C. Conn bought 100,000 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were bought at an average price of GBX 173 ($2.27) per share, with a total value of £173,000 ($227,452.01). Over the last quarter, insiders have acquired 103,389 shares of company stock valued at $17,975,598.

A number of equities research analysts have weighed in on CNA shares. HSBC Holdings plc decreased their target price on shares of Centrica PLC from GBX 202 ($2.66) to GBX 190 ($2.50) and set a “hold” rating for the company in a research note on Thursday, October 5th. Deutsche Bank AG reissued a “sell” rating and set a GBX 160 ($2.10) price objective on shares of Centrica PLC in a research report on Sunday, July 30th. J P Morgan Chase & Co reissued an “underweight” rating and set a GBX 180 ($2.37) price objective on shares of Centrica PLC in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a GBX 174 ($2.29) price objective on shares of Centrica PLC in a research report on Thursday, June 22nd. Finally, Credit Suisse Group reissued a “neutral” rating and set a GBX 225 ($2.96) price objective on shares of Centrica PLC in a research report on Thursday, October 5th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 208.35 ($2.74).

The company’s 50-day moving average is GBX 191.47 and its 200-day moving average is GBX 201.10. The company’s market capitalization is GBX 9.66 billion.

The firm also recently declared a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 12th will be given a dividend of GBX 3.60 ($0.05) per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a yield of 1.83%.

COPYRIGHT VIOLATION WARNING: “Centrica PLC (CNA) Trading Up 1.9% on Insider Buying Activity” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/10/centrica-plc-cna-trading-up-1-9-on-insider-buying-activity.html.

Centrica PLC Company Profile

Centrica plc is an energy and services company. The Company’s segments include Energy Supply & Services-UK & Ireland, Energy Supply & Services-North America, Connected Home, Distributed Energy & Power, Energy Marketing & Trading, Exploration & Production, Central Power Generation and Centrica Storage.

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