Centrica PLC (CPYYY) Downgraded by Morgan Stanley to Equal
Centrica PLC (OTCMKTS:CPYYY) was downgraded by equities researchers at Morgan Stanley from an “overweight” rating to an “equal” rating in a note issued to investors on Friday.
Several other analysts also recently commented on the company. Jefferies Group downgraded Centrica PLC from a “buy” rating to an “underperform” rating in a research note on Thursday, September 22nd. Zacks Investment Research downgraded Centrica PLC from a “hold” rating to a “sell” rating in a research note on Monday, September 12th. Goldman Sachs Group Inc. downgraded Centrica PLC from a “neutral” rating to a “sell” rating in a research note on Wednesday, September 7th. JPMorgan Chase & Co. raised Centrica PLC from a “neutral” rating to an “overweight” rating in a research note on Friday, July 22nd. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Centrica PLC in a research note on Tuesday, June 14th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.00.
Centrica PLC (OTCMKTS:CPYYY) traded down 2.56% during mid-day trading on Friday, hitting $10.65. The stock had a trading volume of 1,822 shares. The company’s market capitalization is $13.76 billion. The stock’s 50-day moving average is $12.09 and its 200 day moving average is $12.35. Centrica PLC has a 52 week low of $10.50 and a 52 week high of $15.04.
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About Centrica PLC
Centrica plc is an integrated energy company. The Company operates through three segments: International Downstream, International Upstream and Centrica Storage. It offers Hive Active Heating 2, which is an advancement of its smart thermostat. The International Downstream segment includes the operations of British Gas, Direct Energy and Bord Gais Energy.
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