Shares of Centrica PLC (LON:CNA) traded down 0% during trading on Thursday . The company traded as low as GBX 139.70 ($1.87) and last traded at GBX 141.80 ($1.90). 15,451,926 shares changed hands during trading, a decline of 39% from the average session volume of 25,140,000 shares. The stock had previously closed at GBX 141.80 ($1.90).
A number of analysts have issued reports on the company. Credit Suisse Group reissued a “neutral” rating and issued a GBX 175 ($2.34) price target on shares of Centrica in a research note on Wednesday. Deutsche Bank reissued a “sell” rating and issued a GBX 160 ($2.14) price target on shares of Centrica in a research note on Thursday, October 5th. reissued a “hold” rating and issued a GBX 190 ($2.54) price target on shares of Centrica in a research note on Monday, October 16th. Royal Bank of Canada decreased their price target on Centrica from GBX 210 ($2.81) to GBX 150 ($2.01) and set a “sector performer” rating on the stock in a research note on Tuesday, November 28th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 150 ($2.01) price target on shares of Centrica in a research note on Thursday, December 7th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 187.88 ($2.51).
The company has a market cap of $7,930.00 and a price-to-earnings ratio of 1,418.00.
In related news, insider Iain C. Conn bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were acquired at an average cost of GBX 173 ($2.31) per share, for a total transaction of £173,000 ($231,314.35). Also, insider Margherita D. Valle acquired 1,152 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were acquired at an average price of GBX 172 ($2.30) per share, for a total transaction of £1,981.44 ($2,649.34). Over the last quarter, insiders have purchased 204,334 shares of company stock worth $32,439,536.
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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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