Centrica (OTCMKTS:CPYYY) Shares Up 3.8% – Should You Buy?

Centrica PLC (OTCMKTS:CPYYY)’s stock price shot up 3.8% during mid-day trading on Monday . The company traded as high as $9.27 and last traded at $9.27. 1,392 shares changed hands during trading, a decline of 85% from the average session volume of 9,201 shares. The stock had previously closed at $8.93.

Wall Street Analyst Weigh In

Several brokerages have commented on CPYYY. Berenberg Bank upgraded Centrica to a “strong-buy” rating in a research note on Friday, September 12th. Citigroup downgraded shares of Centrica from a “buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, Morgan Stanley raised shares of Centrica to an “overweight” rating in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Centrica Stock Up 1.0%

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 company has a fifty day moving average price of $9.06 and a 200 day moving average price of $8.95.

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.