Centrica PLC is one of the leading providers of energy and services in the UK. The company is a constituent of the FTSE 100 index and has a strong presence in the UK and international markets. The shares of Centrica PLC are traded on the London Stock Exchange (LSE). It has a market capitalization of more than GBP 10 billion and is one of the largest companies listed on the LSE.
Centrica Share Price Performance in 2023
Centrica share price has seen a very volatile performance in 2023, despite the company's strong fundamentals. At the start of the year, the Centrica share price was trading at around 220p, but it had dropped to around 170p by the middle of the year. However, it had recovered to the 220p level by the end of the year.
The Impact of COVID-19 on Centrica Share Price
The COVID-19 pandemic has had a significant impact on the share price of Centrica PLC. In mid-March, the share price of the company had dropped to around 130p, due to the fear of the economic impact of the pandemic. This was the lowest level since April 2016. However, the share price had recovered to the 220p level by the end of the year.
Centrica Share Price Predictions for 2023
Analysts have given a mixed outlook for the Centrica share price in 2023. Some analysts have predicted that the share price will remain volatile over the coming year, as the market continues to be impacted by the economic fallout of the pandemic. However, other analysts have predicted that the share price will continue to recover, as the company begins to benefit from the economic recovery.
Investing in Centrica PLC
Investing in Centrica PLC can be an attractive option for investors looking to benefit from the company's long-term growth potential. The company has a strong presence in the UK and international markets, and its share price is expected to benefit from the economic recovery in the coming year. Furthermore, the company has a strong dividend yield, providing investors with a steady stream of income.
Conclusion
Centrica PLC is one of the leading providers of energy and services in the UK. The company's share price has seen a volatile performance in 2023, but is expected to benefit from the economic recovery in the coming year. Investing in the company can be a good option for investors looking to benefit from the company's long-term growth potential.