Centrica (OTCMKTS:CPYYY) Reaches New 12-Month High – Time to Buy?

Centrica PLC (OTCMKTS:CPYYY)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $11.81 and last traded at $11.4590, with a volume of 22920 shares. The stock had previously closed at $11.3740.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CPYYY. Citigroup upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Jefferies Financial Group lowered Centrica from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Kepler Capital Markets raised Centrica from a “strong sell” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group reissued a “buy” rating on shares of Centrica in a research note on Wednesday, February 25th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Centrica in a report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Centrica Stock Performance

The firm’s 50 day moving average price is $10.50 and its 200-day moving average price is $9.54. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.62 and a quick ratio of 1.56.

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.