Citigroup Inc. Downgrades Centrica PLC (CPYYY) to Sell
Centrica PLC (OTCMKTS:CPYYY) was downgraded by investment analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating in a research note issued to investors on Wednesday.
A number of other equities analysts have also commented on the company. Morgan Stanley lowered Centrica PLC from an “overweight” rating to an “equal” rating in a report on Friday, October 7th. Zacks Investment Research raised Centrica PLC from a “sell” rating to a “hold” rating in a report on Monday, August 22nd. JPMorgan Chase & Co. raised Centrica PLC from a “neutral” rating to an “overweight” rating in a report on Friday, July 22nd. Jefferies Group lowered Centrica PLC from a “buy” rating to an “underperform” rating in a report on Thursday, September 22nd. Finally, Goldman Sachs Group Inc. lowered Centrica PLC from a “neutral” rating to a “sell” rating in a report on Wednesday, September 7th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $13.00.
Centrica PLC (OTCMKTS:CPYYY) opened at 10.047 on Wednesday. The firm has a 50-day moving average price of $0.00 and a 200-day moving average price of $0.00. Centrica PLC has a one year low of $9.74 and a one year 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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