Centrica (OTCMKTS:CPYYY) Shares Gap Down – Time to Sell?

Centrica PLC (OTCMKTS:CPYYY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $8.2350, but opened at $7.79. Centrica shares last traded at $8.53, with a volume of 5,994 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CPYYY. Kepler Capital Markets upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. HSBC raised Centrica from a “hold” rating to a “buy” rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy”.

Centrica Trading Down 1.3%

The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average of $8.62 and a 200-day moving average of $9.98.

About Centrica

Centrica plc is a United Kingdom-based energy services company focused on supplying energy and providing related services to households and businesses. Its principal consumer brand, British Gas, offers electricity and natural gas, home energy management, boiler and heating services, and maintenance solutions. Centrica also provides connected-home products and services through offerings associated with the British Gas and Hive brands.

Through its business operations, Centrica participates in energy supply, energy trading, power generation, and customer-focused energy solutions.