The Goldman Sachs Group Upgrades Centrica (OTCMKTS:CPYYY) to Strong-Buy

Centrica (OTCMKTS:CPYYY) was upgraded by analysts at The Goldman Sachs Group to a “strong-buy” rating in a research note issued to investors on Thursday, Zacks.com reports.

A number of other equities research analysts have also weighed in on CPYYY. Berenberg Bank raised shares of Centrica from a “hold” rating to a “buy” rating in a report on Monday, July 1st. UBS Group raised Centrica to a “strong-buy” rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.67.

Centrica Price Performance

Shares of CPYYY opened at $6.76 on Thursday. The company has a 50 day moving average of $7.11 and a two-hundred day moving average of $6.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.35 and a current ratio of 1.44. Centrica has a twelve month low of $6.19 and a twelve month high of $8.61.

About Centrica

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.