Insider Buying: Centrica plc (LON:CNA) Insider Acquires 1,270 Shares of Stock

Centrica plc (LON:CNA) insider Philippe Boisseau acquired 1,270 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was acquired at an average cost of GBX 148 ($1.92) per share, for a total transaction of £1,879.60 ($2,433.45).

Centrica Stock Performance

Shares of LON CNA opened at GBX 149.01 ($1.93) on Friday. The company has a 50-day simple moving average of GBX 142.21 and a 200-day simple moving average of GBX 130.67. The company has a debt-to-equity ratio of 66.48, a current ratio of 1.77 and a quick ratio of 0.40. The company has a market cap of £7.45 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. Centrica plc has a 12 month low of GBX 112.99 ($1.46) and a 12 month high of GBX 155.30 ($2.01).

Centrica (LON:CNA) last released its earnings results on Thursday, February 20th. The integrated energy company reported GBX 19 ($0.25) EPS for the quarter. Centrica had a net margin of 5.39% and a return on equity of 25.16%.

Centrica Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 1st will be given a dividend of GBX 3 ($0.04) per share. The ex-dividend date is Thursday, May 1st. This is an increase from Centrica’s previous dividend of $1.50. This represents a yield of 2.08%. Centrica’s dividend payout ratio is 19.06%.

Analysts Set New Price Targets

CNA has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 150 ($1.94) price target on shares of Centrica in a report on Friday, December 6th. Citigroup reaffirmed a “top pick” rating on shares of Centrica in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 167 ($2.16).

About Centrica

Centrica is energising a greener, fairer future for our colleagues, customers and communities. Our integrated business operates across the energy value chain, with over ten million Retail customers, leading brands such as British Gas and Bord Gáis Energy, and the UK’s largest energy services workforce.