Centrica PLC (CPYYY) Raised to “Hold” at Zacks Investment Research
Centrica PLC (OTCMKTS:CPYYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
According to Zacks, “Centrica is a top thirty FTSE100 company with growing energy businesses in the UK, North America and Europe. They secure and supply gas and electricity for millions of homes and businesses and offer a distinctive range of home energy solutions and low-carbon products and services. “
A number of other brokerages also recently weighed in on CPYYY. JPMorgan Chase & Co. raised shares of Centrica PLC from a “neutral” rating to an “overweight” rating in a research note on Friday, July 22nd. Goldman Sachs Group Inc. downgraded shares of Centrica PLC from a “neutral” rating to a “sell” rating in a research note on Wednesday, September 7th. Jefferies Group downgraded shares of Centrica PLC from a “buy” rating to an “underperform” rating in a research note on Thursday, September 22nd. Morgan Stanley downgraded shares of Centrica PLC from an “overweight” rating to an “equal” rating in a research note on Friday, October 7th. Finally, Citigroup Inc. downgraded shares of Centrica PLC from a “neutral” rating to a “sell” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Centrica PLC has a consensus rating of “Hold” and a consensus target price of $13.00.
Shares of Centrica PLC (OTCMKTS:CPYYY) traded down 1.76% during trading on Friday, reaching $9.87. 94,623 shares of the company were exchanged. Centrica PLC has a 52-week low of $9.74 and a 52-week high of $14.14.
Centrica PLC Company Profile
Centrica plc is an integrated energy company. The Company operates through three segments: International Downstream, International Upstream and Centrica Storage. It offers Hive Active Heating 2, which is an advancement of its smart thermostat. The International Downstream segment includes the operations of British Gas, Direct Energy and Bord Gais Energy.
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