Centrica (OTCMKTS:CPYYY) Sees Unusually-High Trading Volume – Here’s Why

Centrica PLC (OTCMKTS:CPYYY) shares saw unusually-strong trading volume on Monday . Approximately 10,259 shares were traded during trading, an increase of 9% from the previous session’s volume of 9,384 shares.The stock last traded at $8.4650 and had previously closed at $8.57.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CPYYY. Citigroup cut shares of Centrica from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. Berenberg Bank raised shares of Centrica to a “strong-buy” rating in a research report on Friday, September 12th. Finally, Morgan Stanley upgraded shares of Centrica to an “overweight” rating in a report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Centrica presently has an average rating of “Moderate Buy”.

Centrica Trading Down 0.3%

The company has a 50 day moving average of $9.14 and a 200 day moving average of $8.85. 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 Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.0884 per share. This represents a dividend yield of 332.0%. The ex-dividend date was Friday, September 19th.

Centrica Company Profile

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.