Centrica PLC (CPYYY) Stock Rating Lowered by Morgan Stanley
Centrica PLC (OTCMKTS:CPYYY) was downgraded by Morgan Stanley from an “overweight” rating to an “equal” rating in a research report issued to clients and investors on Friday.
A number of other research firms have also recently weighed in on CPYYY. Berenberg Bank reissued a “buy” rating on shares of Centrica PLC in a report on Tuesday, June 14th. Zacks Investment Research raised Centrica PLC from a “sell” rating to a “buy” rating and set a $13.00 price target for the company in a report on Monday, June 13th. JPMorgan Chase & Co. raised Centrica PLC from a “neutral” rating to an “overweight” rating in a report on Friday, July 22nd. Goldman Sachs Group Inc. cut Centrica PLC from a “neutral” rating to a “sell” rating in a report on Wednesday, September 7th. Finally, Jefferies Group cut Centrica PLC from a “buy” rating to an “underperform” rating in a report on Thursday, September 22nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.00.
Centrica PLC (OTCMKTS:CPYYY) opened at 10.65 on Friday. The stock’s market capitalization is $13.76 billion. Centrica PLC has a one year low of $10.50 and a one year high of $14.85. The company’s 50-day moving average price is $11.99 and its 200-day moving average price is $12.31.
Centrica PLC Company Profile
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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