Centrica (OTCMKTS:CPYYY) Shares Gap Up – Time to Buy?

Shares of Centrica PLC (OTCMKTS:CPYYY) gapped up prior to trading on Friday. The stock had previously closed at $8.1880, but opened at $8.46. Centrica shares last traded at $8.49, with a volume of 2,541 shares changing hands.

Analyst Upgrades and Downgrades

CPYYY has been the subject of several research reports. HSBC raised Centrica from a “hold” rating to a “buy” rating in a research note on Thursday, July 30th. Kepler Capital Markets raised shares of Centrica from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Jefferies Financial Group upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a report on Monday, November 2nd. Three equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Centrica Stock Up 3.6%

The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67. The firm has a 50-day simple moving average of $8.10 and a two-hundred day simple moving average of $9.66.

About Centrica

Centrica is a UK-based energy and services company whose activities include supplying energy to households and businesses, providing home services, and trading and optimizing energy across wholesale markets. Its consumer operations include British Gas in the UK and Bord Gáis Energy in Ireland, while its business services include energy supply and related solutions for commercial and industrial customers. The company also operates in energy generation and manages a portfolio of energy assets and trading activities.