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

Centrica PLC (OTCMKTS:CPYYY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $10.4250, but opened at $10.91. Centrica shares last traded at $10.48, with a volume of 2,490 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Centrica in a research note on Wednesday, February 25th. The Goldman Sachs Group restated a “buy” 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, Jefferies Financial Group lowered shares of Centrica from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Centrica Price Performance

The business has a 50-day simple moving average of $10.24 and a two-hundred day simple moving average of $9.42. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.62 and a quick ratio of 1.56.

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.