Centrica (OTCMKTS:CPYYY) Sets New 12-Month High on Analyst Upgrade

Centrica PLC (OTCMKTS:CPYYY)’s stock price hit a new 52-week high during mid-day trading on Thursday after Citigroup upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $11.19 and last traded at $11.19, with a volume of 5081 shares changing hands. The stock had previously closed at $11.10.

A number of other research analysts also recently weighed in on CPYYY. The Goldman Sachs Group reissued a “buy” rating on shares of Centrica in a research report on Wednesday, February 25th. Royal Bank Of Canada restated an “outperform” rating on shares of Centrica in a research report on Wednesday, February 25th. Jefferies Financial Group downgraded Centrica from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Finally, Kepler Capital Markets lowered shares of Centrica from a “hold” rating to a “strong sell” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Centrica Trading Up 1.0%

The company has a debt-to-equity ratio of 0.71, a current ratio of 1.62 and a quick ratio of 1.56. The firm has a 50-day simple moving average of $10.35 and a two-hundred day simple moving average of $9.47.

Centrica Company Profile

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.