Centrica (OTCMKTS:CPYYY) Sees Unusually-High Trading Volume – Time to Buy?

Centrica PLC (OTCMKTS:CPYYY) saw unusually-high trading volume on Monday . Approximately 10,259 shares traded hands during trading, an increase of 9% from the previous session’s volume of 9,384 shares.The stock last traded at $8.4650 and had previously closed at $8.57.

Analysts Set New Price Targets

A number of analysts recently issued reports on CPYYY shares. Morgan Stanley raised Centrica to an “overweight” rating in a research report on Wednesday, September 17th. Berenberg Bank raised Centrica to a “strong-buy” rating in a report on Friday, September 12th. Finally, Citigroup downgraded shares of Centrica from a “buy” rating to a “hold” rating in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centrica has a consensus rating of “Moderate Buy”.

Centrica Price Performance

The company has a current ratio of 1.62, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average of $9.12 and a two-hundred day moving average of $8.86.

Centrica Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, September 22nd were issued a $0.0884 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a dividend yield of 332.0%.

Centrica Company Profile

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.