Centrica (OTCMKTS:CPYYY) Reaches New 12-Month Low – Time to Sell?

Centrica PLC (OTCMKTS:CPYYY)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $8.19 and last traded at $8.19, with a volume of 105027 shares traded. The stock had previously closed at $8.31.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. HSBC upgraded shares of Centrica from a “hold” rating to a “buy” rating in a research note on Thursday, July 30th. Kepler Capital Markets upgraded Centrica from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Centrica Stock Performance

The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.67. The company’s fifty day simple moving average is $9.36 and its 200-day simple moving average is $10.42.

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.