Centrica (OTCMKTS:CPYYY) Stock Price Up 3.8% – Still a Buy?

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

Wall Street Analysts Forecast Growth

CPYYY has been the subject of several analyst reports. Berenberg Bank upgraded Centrica to a “strong-buy” rating in a report on Friday, September 12th. Morgan Stanley raised Centrica to an “overweight” rating in a research report on Wednesday, September 17th. Finally, Citigroup downgraded Centrica from a “buy” rating to a “hold” rating in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Centrica Stock Up 3.8%

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.62. The stock has a 50-day simple moving average of $9.07 and a 200 day simple moving average 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.