Centrica (OTCMKTS:CPYYY) Hits New 1-Year High – Should You Buy?

Centrica PLC (OTCMKTS:CPYYY)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $9.74 and last traded at $9.74, with a volume of 1545 shares trading hands. The stock had previously closed at $9.46.

Analyst Ratings Changes

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

Centrica Stock Up 2.6%

The company’s fifty day moving average is $9.05 and its 200 day moving average is $8.96. The company has a current ratio of 1.62, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71.

Centrica Company Profile

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.