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

Centrica PLC (OTCMKTS:CPYYY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $10.23, but opened at $10.62. Centrica shares last traded at $10.44, with a volume of 522 shares traded.

Analyst Ratings Changes

Several research analysts recently weighed in on CPYYY shares. Royal Bank Of Canada restated an “outperform” rating on shares of Centrica in a research report on Wednesday, February 25th. Kepler Capital Markets upgraded shares of Centrica from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. The Goldman Sachs Group restated a “buy” rating on shares of Centrica in a research report on Wednesday, February 25th. Jefferies Financial Group downgraded shares of Centrica from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Citigroup upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Two equities research 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’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Centrica Price Performance

The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 0.75. The stock’s fifty day simple moving average is $11.16 and its 200 day simple moving average is $10.40.

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.