Centrica (OTCMKTS:CPYYY) Rating Lowered to “Hold” at Jefferies Financial Group

Centrica (OTCMKTS:CPYYY) was downgraded by investment analysts at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research firms have also recently weighed in on CPYYY. Royal Bank Of Canada restated an “outperform” rating on shares of Centrica in a report on Wednesday, February 25th. The Goldman Sachs Group reissued a “buy” rating on shares of Centrica in a research report on Wednesday, February 25th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Centrica in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Centrica Trading Down 4.0%

Shares of OTCMKTS CPYYY opened at $10.45 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.62 and a debt-to-equity ratio of 0.71. Centrica has a 1-year low of $7.00 and a 1-year high of $11.15. The business has a 50-day moving average of $10.16 and a 200-day moving average of $9.39.

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.