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Centrica (CNA) Share Price London Stock Exchange October 28

After opening today’s trading at 294.90, up 1.50p from yesterday’s close, Centrica enjoyed a sharp spike  in share values to 296.24 followed by a decisive dip. The stock would make recovery soon after only to be followed by another sharp decline. The movement has been continuous through the mid-morning with a very sizable drop to 294.60 taking place during midday.

Most brokers agree now is a good time to buy or at least hold on shares of Centrica, with very few venturing into sell recommendations.

Centrica has quite the opposite performance at this same time last year, when share prices rose as high as 366.10p.

Charles Stanley reaffirmed its ‘hold’ status for Centrica shares earlier this month. This came after earnings and sales reports showed a 15% improvement on sales, while operating profit and earnings had dipped 39% and 29% respectively. January will see the new CEO Iain Conn take the reins and perhaps change course for the company.

 

 

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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