Centrica (OTCMKTS:CPYYY) Shares Gap Up – Should You Buy?

Centrica PLC (OTCMKTS:CPYYY) gapped up prior to trading on Tuesday . The stock had previously closed at $10.1470, but opened at $10.70. Centrica shares last traded at $10.74, with a volume of 10,103 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CPYYY. Kepler Capital Markets raised Centrica from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of Centrica in a report on Wednesday, February 25th. Jefferies Financial Group lowered Centrica from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. The Goldman Sachs Group reissued a “buy” rating on shares of Centrica in a report on Wednesday, February 25th. Finally, Citigroup upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Centrica Price Performance

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.41 and a current ratio of 1.45. The firm’s 50 day moving average is $11.32 and its 200 day moving average is $10.25.

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.