Insider Buying: Centrica plc (LON:CNA) Insider Purchases £2,184.40 in Stock

Centrica plc (LON:CNA) insider Amber Rudd bought 1,720 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was bought at an average price of GBX 127 ($1.60) per share, for a total transaction of £2,184.40 ($2,760.52).

Amber Rudd also recently made the following trade(s):

• On Monday, February 26th, Amber Rudd bought 1,711 shares of Centrica stock. The stock was bought at an average price of GBX 127 ($1.60) per share, for a total transaction of £2,172.97 ($2,746.08).
• On Thursday, January 25th, Amber Rudd bought 1,580 shares of Centrica stock. The stock was bought at an average price of GBX 144 ($1.82) per share, for a total transaction of £2,275.20 ($2,875.27).
• On Wednesday, December 27th, Amber Rudd bought 1,558 shares of Centrica stock. The stock was bought at an average price of GBX 141 ($1.78) per share, for a total transaction of £2,196.78 ($2,776.17).

Centrica Price Performance

Shares of CNA stock opened at GBX 129 ($1.63) on Thursday. The company has a debt-to-equity ratio of 96.93, a current ratio of 1.44 and a quick ratio of 0.40. The firm’s 50-day moving average is GBX 132.44 and its two-hundred day moving average is GBX 145.53. Centrica plc has a 12 month low of GBX 101 ($1.28) and a 12 month high of GBX 173.70 ($2.20). The company has a market capitalization of £6.88 billion, a PE ratio of 186.96, a price-to-earnings-growth ratio of 0.45 and a beta of 1.10.

Centrica Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, May 30th will be paid a dividend of GBX 2.67 ($0.03) per share. The ex-dividend date of this dividend is Thursday, May 30th. This is an increase from Centrica’s previous dividend of $1.33. This represents a yield of 1.99%. Centrica’s payout ratio is 579.71%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Centrica from GBX 200 ($2.53) to GBX 205 ($2.59) and gave the company an “overweight” rating in a research report on Wednesday, December 20th. Citigroup reissued a “buy” rating on shares of Centrica in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Centrica in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Centrica currently has a consensus rating of “Moderate Buy” and an average target price of GBX 156.25 ($1.97).

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, Energy Marketing & Trading, and Upstream segments.