Centrica (OTCMKTS:CPYYY) Shares Gap Down – Here’s Why

Centrica PLC (OTCMKTS:CPYYY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $9.89, but opened at $9.39. Centrica shares last traded at $9.36, with a volume of 2,018 shares changing hands.

Analyst Upgrades and Downgrades

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

Centrica Price Performance

The business’s fifty day moving average price is $10.86 and its 200 day moving average price is $10.45. The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 0.75.

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.