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

Centrica PLC (OTCMKTS:CPYYY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $10.23, but opened at $10.62. Centrica shares last traded at $10.44, with a volume of 522 shares.

Analyst Upgrades and Downgrades

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

Centrica Stock Performance

The firm’s 50 day moving average price is $11.16 and its 200-day moving average price is $10.40. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.41 and a current ratio of 1.45.

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.