Centrica (OTCMKTS:CPYYY) Reaches New 1-Year 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 company traded as high as $11.19 and last traded at $11.19, with a volume of 5081 shares. The stock had previously closed at $11.10.

Several other research analysts have also weighed in on the stock. Kepler Capital Markets lowered shares of Centrica from a “hold” rating to a “strong sell” rating in a research note on Monday. 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 report on Wednesday, February 25th. Finally, Jefferies Financial Group downgraded shares of Centrica from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Centrica currently has an average rating of “Moderate Buy”.

Centrica Trading Up 1.6%

The company has a current ratio of 1.62, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average is $10.39 and its two-hundred day moving average is $9.48.

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.