Centrica (OTCMKTS:CPYYY) Shares Gap Up – Here’s What Happened

Centrica PLC (OTCMKTS:CPYYY) gapped up prior to trading on Friday. The stock had previously closed at $8.1880, but opened at $8.46. Centrica shares last traded at $8.49, with a volume of 2,541 shares.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CPYYY. HSBC upgraded shares of Centrica from a “hold” rating to a “buy” rating in a research note on Thursday, July 30th. Jefferies Financial Group upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a report on Monday, November 2nd. Finally, Kepler Capital Markets raised shares of Centrica from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Centrica presently has an average rating of “Strong Buy”.

Centrica Stock Performance

The company has a 50-day simple moving average of $8.10 and a two-hundred day simple moving average of $9.67. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.43 and a quick ratio of 1.37.

About Centrica

Centrica is a UK-based energy and services company whose activities include supplying energy to households and businesses, providing home services, and trading and optimizing energy across wholesale markets. Its consumer operations include British Gas in the UK and Bord Gáis Energy in Ireland, while its business services include energy supply and related solutions for commercial and industrial customers. The company also operates in energy generation and manages a portfolio of energy assets and trading activities.