Centrica (OTCMKTS:CPYYY) Shares Gap Up – What’s Next?

Centrica PLC (OTCMKTS:CPYYY – Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $10.1470, but opened at $10.70. Centrica shares last traded at $10.74, with a volume of 10,103 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CPYYY. The Goldman Sachs Group reiterated a “buy” rating on shares of Centrica in a report on Wednesday, February 25th. Jefferies Financial Group lowered Centrica from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Royal Bank Of Canada restated an “outperform” rating on shares of Centrica in a report on Wednesday, February 25th. Kepler Capital Markets upgraded shares of Centrica from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, Citigroup raised Centrica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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Centrica Trading Up 0.4%

The business’s 50 day moving average is $11.32 and its 200-day moving average is $10.25. The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 0.75.

Centrica Company Profile

(Get Free Report)

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.

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