Centrica (OTCMKTS:CPYYY) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group lowered shares of Centrica (OTCMKTS:CPYYY) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports.

A number of other analysts have also issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Centrica in a research note on Wednesday, February 25th. Citigroup reaffirmed a “neutral” rating on shares of Centrica in a report on Wednesday, February 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Centrica in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Centrica Stock Performance

Shares of CPYYY stock opened at $10.49 on Monday. The company’s fifty day simple moving average is $10.18 and its two-hundred day simple moving average is $9.40. Centrica has a 1 year low of $7.00 and a 1 year high of $11.15. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.62 and a quick ratio of 1.56.

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.