Centrica PLC (OTCMKTS:CPYYY) Receives Average Rating of “Buy” from Brokerages

Centrica PLC (OTCMKTS:CPYYY) has been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company.

CPYYY has been the subject of a number of recent research reports. Jefferies Financial Group cut shares of Centrica from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Centrica in a research report on Wednesday, February 25th. Citigroup upgraded Centrica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada reissued an “outperform” rating on shares of Centrica in a report on Wednesday, February 25th. Finally, Kepler Capital Markets raised Centrica from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th.

Centrica Stock Performance

Centrica stock opened at $11.00 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.41 and a current ratio of 1.45. Centrica has a 1-year low of $7.00 and a 1-year high of $11.87. The firm’s fifty day simple moving average is $10.71 and its 200-day simple moving average is $9.69.

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.