Centrica (OTCMKTS:CPYYY) Sets New 12-Month High – Here’s What Happened

Centrica PLC (OTCMKTS:CPYYY)’s share price reached a new 52-week high on Thursday . The stock traded as high as $9.90 and last traded at $9.89, with a volume of 23971 shares. The stock had previously closed at $9.60.

Wall Street Analyst Weigh In

CPYYY has been the subject of several recent analyst reports. Citigroup cut Centrica from a “buy” rating to a “hold” rating in a report on Monday, October 27th. Morgan Stanley upgraded Centrica to an “overweight” rating in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Centrica Price Performance

The business has a fifty day moving average price of $9.08 and a 200-day moving average price of $8.97. The company has a current ratio of 1.62, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71.

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.