Centrica (OTCMKTS:CPYYY) Shares Gap Up – Here’s What Happened

Shares of Centrica PLC (OTCMKTS:CPYYY) gapped up prior to trading on Tuesday . The stock had previously closed at $10.1470, but opened at $10.70. Centrica shares last traded at $10.74, with a volume of 10,103 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently weighed in on CPYYY. Jefferies Financial Group downgraded 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. Kepler Capital Markets raised Centrica from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. The Goldman Sachs Group reissued a “buy” rating on shares of Centrica in a research note on Wednesday, February 25th. Finally, Citigroup raised Centrica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Centrica Stock Performance

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.41 and a current ratio of 1.45. The company has a 50 day moving average of $11.32 and a 200 day moving average of $10.26.

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.