Centrica (OTCMKTS:CPYYY) Sets New 52-Week High – What’s Next?

Centrica PLC (OTCMKTS:CPYYY) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $11.81 and last traded at $11.4590, with a volume of 22920 shares traded. The stock had previously closed at $11.3740.

Analysts Set New Price Targets

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

Centrica Stock Performance

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 firm’s fifty day simple moving average is $10.50 and its 200 day simple moving average is $9.54.

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.