Insider Buying: Centrica plc (LON:CNA) Insider Buys 30,395 Shares of Stock

Centrica plc (LON:CNA) insider Chris O’Shea bought 30,395 shares of Centrica stock in a transaction that occurred on Monday, June 3rd. The stock was bought at an average price of GBX 99 ($1.27) per share, with a total value of £30,091.05 ($38,553.56).

Chris O’Shea also recently made the following trade(s):

• On Friday, May 17th, Chris O’Shea purchased 2,785,622 shares of Centrica stock. The stock was acquired at an average cost of GBX 144 ($1.84) per share, for a total transaction of £4,011,295.68 ($5,139,392.29).
• On Monday, March 11th, Chris O’Shea purchased 114 shares of Centrica stock. The stock was acquired at an average cost of GBX 131 ($1.68) per share, for a total transaction of £149.34 ($191.34).

Centrica Stock Performance

CNA opened at GBX 135.40 ($1.73) on Thursday. The stock has a market cap of £7.19 billion, a PE ratio of 197.68, a P/E/G ratio of 0.45 and a beta of 1.10. The company has a current ratio of 1.44, a quick ratio of 0.40 and a debt-to-equity ratio of 96.93. Centrica plc has a 1 year low of GBX 115.05 ($1.47) and a 1 year high of GBX 173.70 ($2.23). The stock’s 50 day simple moving average is GBX 134.18 and its 200-day simple moving average is GBX 137.42.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CNA. Barclays dropped their price target on Centrica from GBX 205 ($2.63) to GBX 190 ($2.43) and set an “underweight” rating on the stock in a research report on Wednesday, May 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Centrica in a research report on Wednesday, February 21st. Citigroup reaffirmed a “buy” rating on shares of Centrica in a research report on Friday, February 16th. Royal Bank of Canada raised Centrica to an “outperform” rating and lifted their price target for the stock from GBX 145 ($1.86) to GBX 170 ($2.18) in a research report on Friday, May 31st. Finally, UBS Group upgraded Centrica to a “buy” rating and boosted their price objective for the company from GBX 165 ($2.11) to GBX 170 ($2.18) in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Centrica has an average rating of “Moderate Buy” and a consensus target price of GBX 158.33 ($2.03).

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.