Centrica (OTCMKTS:CPYYY) Hits New 52-Week High – Time to Buy?

Centrica PLC (OTCMKTS:CPYYY) hit a new 52-week high during trading on Monday . The company traded as high as $11.15 and last traded at $11.15, with a volume of 147 shares trading hands. The stock had previously closed at $10.87.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating on shares of Centrica in a research note on Wednesday. Royal Bank Of Canada restated an “outperform” rating on shares of Centrica in a research note on Wednesday. Finally, Citigroup reaffirmed a “neutral” rating on shares of Centrica in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Centrica Stock Down 2.2%

The company has a current ratio of 1.62, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $10.09 and a 200-day moving average price of $9.37.

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.