Centrica PLC (OTCMKTS:CPYYY) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Centrica PLC (OTCMKTS:CPYYY) have received an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company.

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Centrica in a research report on Wednesday, February 25th. The Goldman Sachs Group reissued a “buy” rating on shares of Centrica in a research note on Wednesday, February 25th. Kepler Capital Markets upgraded shares of Centrica from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Jefferies Financial Group lowered shares of Centrica from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Citigroup upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th.

Centrica Stock Up 2.9%

OTCMKTS:CPYYY opened at $11.62 on Wednesday. Centrica has a 1 year low of $7.00 and a 1 year high of $11.87. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.45 and a quick ratio of 1.41. The stock has a 50-day moving average price of $10.78 and a two-hundred day moving average price of $9.73.

About Centrica

Centrica plc is a British multinational energy and services company headquartered in Windsor, England. The company operates across energy supply, services and solutions, delivering gas and electricity to residential, commercial and industrial customers. In addition to commodity supply, Centrica offers a range of services such as boiler installation and maintenance, smart home technology, and energy efficiency solutions through its field-based engineering teams.

Established in 1997 following the demerger of British Gas, Centrica has evolved through strategic acquisitions and divestments to focus on core markets and capabilities.