Centrica (OTCMKTS:CPYYY) Shares Gap Down – Here’s Why

Centrica PLC (OTCMKTS:CPYYY) shares gapped down before the market opened on Friday . The stock had previously closed at $11.7450, but opened at $10.76. Centrica shares last traded at $10.76, with a volume of 306 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Centrica in a research note on Wednesday, February 25th. Citigroup upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Kepler Capital Markets upgraded shares of Centrica from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of Centrica in a research note on Wednesday, February 25th. Finally, Jefferies Financial Group lowered shares of Centrica from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Centrica Stock Down 4.4%

The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 0.75. The firm has a 50 day moving average price of $11.10 and a 200 day moving average price of $9.97.

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.