Centrica (OTCMKTS:CPYYY) Sets New 52-Week High – Should You Buy?

Centrica PLC (OTCMKTS:CPYYY)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $9.90 and last traded at $9.89, with a volume of 23971 shares trading hands. The stock had previously closed at $9.60.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CPYYY shares. Morgan Stanley raised shares of Centrica to an “overweight” rating in a research report on Wednesday, September 17th. Citigroup lowered shares of Centrica from a “buy” rating to a “hold” rating in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Centrica Price Performance

The firm has a 50 day simple moving average of $9.08 and a two-hundred day simple moving average of $8.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.62.

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.